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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
2 comments:
hi ilango ji,
conservative trade:
reversed to long @4520 kindly inform us what should be the s/l
regards
rajamani
Hi..Rajamani,
That is a one smart trade initiated by you when nifty cleared week's high. As 4490 acted as a strong resistance on 3 occasions, keep 4485 as SL and raise it higher as Nifty makes pivot points when it moves up in the coming days.
Best regards.
ilango
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