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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
16 comments:
Unable to move past 7628, weak below 7613.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-7590, R1-7620, R2-7649, VWAP-7630
7600 Level back in contention for major support with OI now just below 50 lacs and PCR at the level at 1.60, if held for the day can see some more upside…
Thanks & Regards
Tod de 7630 NS mere liye
Ye munasif hai teji k liye
IS ANY ONE HAS LINEAR REGRESSION INDICATOR CALCULATION IN EXCEL FILE
Tisco kar diya disco
Tisco below 335 :(
@ Prabhanshu - TISCO whipped?
Ts sl hit
Sir
If time permits, please educate me on the mistake of my trade which I took on Aug 8 towards close. I went short @ close @ 7568, reason being, close was below all emas except 5 week low ema (7535) and developing day pivot ( 7567 ) and hour low ema @ 7558.
Still holding it for adding to sell position at day 5ema with sl @ day 5hma. Is this right ?
Alternate, should I close now and go long with 7600 as stop loss, being day low. Thanks..
SN
@Prabhanshu,
Tussi great ho
Prithvi ji.. ki hoyo??
@ S N,
You take a trade when you are uncomfortable but from first / second signals received.
You don't take a trade when you are quite comfortable and wait for all the signals to confirm....
Attempt to follow "Golden Trades only" strategy for a while and see how you'll start to relax in your trading and generate many low risk/ high reward trades.
But this requires tremendous amount of patience and some of the trades may escape with shallow retracements. You overcome them by following our EOD posts with the technicals.
Wrt managing your positions: Always maintain your SL, whatever that may be for you.
@ Prabhanshu & Bharat,
Tisco is in a zig zag correction of the rise from 492 to 574 . Critical support are from 520 to 528 by way of lower trend line and a week low ema. Weekly close below 520 changes this view for a lower low below 492 as part of larger sideways move of the rise from 388 to 580.
GOLDEN WORDS FOR TRADING
Ilango said...
@ S N,
You take a trade when you are uncomfortable but from first / second signals received.
You don't take a trade when you are quite comfortable and wait for all the signals to confirm....
New Post Done.
4 hours of struggle by Bulls wiped off in just one stroke by Bears
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