Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
26 comments:
Its time for me to leave.
Whoever have time during weekend watch the Market Movie
BROKE: The New American Dream.
The first 4 Minutes Preview You can See Here:
https://www.youtube.com/watch?v=mCwB4KYAz0M
Directed by the turtle trader Micheal Covel.
You can understand a lot about Herd Psychology.
Don't be fooled by the title -- this film is TREND FOLLOWING.
Excellent Quotes & Lessons you can get from it.
One I love is
*When it comes to money & market, the worst thing you can do is act like a sheep.
Also don't miss to read the book "Trend Commandments" by the same author!
I could say this is one of the best books i've read about trading & stock market.
Thank You Julius Ji.. :) always helpful!!
@ Anandha,
There are few options unfolding:
Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7498.
Breaking below 7579, it could move towards 7500, approx as the 4th sub-wave of the rise from 7216.
Holding below 7683 as the "B" wave(shown), "C" is unfolding towards 7250-7200.
Each has its negation point. Only a close below DHEma would confirm a larger correction of either "iv"th sub-wave or "C" wave.
Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7498.
Read the above as:
Holding 7579 approx, new high possible as the 5th sub-wave of the rise from 7361.
Respected Sir
Good morning
Breakout in Glenmark and ApolloHospital
http://www.niftytrader.in/nse-stocks-volume/
GM Sir and friends
Bear flag in nifty spot?
gudmorning master and all frnds
OI wise, 7500 is the best support for Nifty
GM SIR & All
shriram sir if close below 7500 ?
JNSAR
From days high till low, its 3 waves. If prices goes above 7613, then expect
A done at 7579 and B may retrace back to any value OR,
Correction over at 7579
If prices dont go above 7613, then expect one more low. Also bear flag is in making and will trigger below today's low
Got the message from Nephew of Gauresh sir,
Today early in the morning while going for morning walk, wife of Gauresh Sir, (Mrs. Reshma) met with an accident with autoriksha and got head injury and has been hospitalized. Now her condition is stable.
I pray the almighty to shower his blessing for her speedy recovery
@ Gaurav: We will cross the Bridge once we see the River.. if NS < 7500 , obvi, PE OI will need to be reviewed
@ Gauresh : Praying for ur wife's speedy recovery , God Bless !
Praying for speedy recovery for Smt Gauresh.
requesting for update Sir
38% retrace of the fall done at 7619. Bulls adding slowly at 7500PE
http://www.niftytrader.in/nifty/nifty-live-change-in-oi/
overlapping waves.. B wave going on...a=c in a B is done or may do at 7622-23...if more chances of larger 5th..
Namaste Sir and all,
@ gaureshji, Praying for speedy recovery of Mrs.Reshma.
correcting from 7621.55...a=c ..lets see the follow up..bigger C can target 7522 at A=C
break of 7600 adds to the probability of B done and C underway
Dear Gauresh,
Our prayers for complete and speedy recovery for your wife's health.
We are relieved to know that her condition is stable.
@gauresh bhai ,
wishing early recovery of ur wife.
Gauresh,
I am sure Reshmaji will have a speedy recovery. Our payers are with her.
@Gauresh,,wishing a speedy recovery comes your wife's way!! God bless!
Gaureshbhai, our prayer for your loving wife's early recovery.
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