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...
8 comments:
Good evening master and blog mates ..
Nifty and Bank nifty update :- Click here
Ilango Sir,
If one stock closed above its JNSAR [in stockwealth blog] today and I bought it. Now, if it trades below the very JNSAR tomorrow, shall I quit it immediately or wait till EOD to see if it closes above JNSAR of that stock? It is fooling time and again. Please guide
Dear kuheli ,
I know,I am not the right person to guide you on this subject but,if you shall observe the following observations for last 5 Days while trading with JNSAR then it may help you.
1) Price rising/stagnant but JNSAR is falling the very next day.
2) Price falling/stagnant but JNSAR is rising the very next day.
3) Price and JNSAR both rising.
4) Price and JNSAR both falling.
hai can we expect nifty 80 points dip from its high,,either monday r tuesday
why 80 points dip kalai ????
mynacji, What action to be taken on different occasions as stated in points nos. 1 to 5 respectively?
Dear kuheli,
One may think over, along with other studies(if any) to go long or short
1) Price wants to cross/go up to JNSAR.
2) Price wants to trigger/go down below JNSAR.
3) Nifty trading in Uptrending market.
4) Nifty trading in Downtrending market.
Namaste Ilango Sir & Blogmates,
Bullish: The index closed above 7900 for the first time, with the PE writers mostly in command, best and only resistance till expiry is at 8000. Profit booking at higher levels may emerge..: Option Analysis for 22-08-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
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