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....
-
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:
Nifty will gain strength above 6155 7 dma 6155
already above 7 ema at 6146
sir,
please confirm..is this a breakout situation comming out??
@ Sreyo,
Overstretched market's corrections do not end in an hour or two.
Give it more time.
Only an hourly close above the HHEma will bring back the momentum.
Presently Nifty got resisted @ day's pivot-6161.
Thank you sir..what should be the lower level target?
Day's target is more or less done. If unable to sustain above 6150(200min sma), it could target 6102(5DEma).
The easy part is done. Now the complex one is unfolding.
If sustains 6150, it should close above 6160 in Hour T/F to clear 6175-6180.
An oppurtunity to sell Again
@ musti.......
hope you enjoyed the move..............i guess its about conviction more or less.....and entering...exiting.....re-entering the position with your positions swiftly....................the markets are something which dont value opinions but convictions.............and not standing by our conviction....they humble us down swiftly too....
sold nifty @6195 sl VAH 6206
@prashat. me with u ;)
JSK Prashant bhai
A bearish Doji on the 5 min chart
sir,
the close may probably above hhema. will
aggresive shorts have merit
@Brahmesh:find the following link for vol. profile
The future one providesdata for one day only
http://www.volumedigger.com/Charts/NSE_Futures_Intraday_Charts.aspx
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx
NEW POST DONE.
COVER @ 6170
@ prashant shah...
with due regards to you sir
the post that you mentioned -
" prashant shah said...
sold nifty @6195 sl VAH 6206
January 4, 2011 1:30 PM "
if anyone look at the 5 minute candle from 1:34 to 1:39 it made a high of 6209.9 and low was 6199 and that happened after you posted here at 1:30 P.M. the above message that means your s/l was taken away............it still amuses me how you covered a s/l hit trade @ 6170? and that too when u didnt mentioned that ur s/l hit or u again took the trade......!! please no offence sholuld betaken...........as this is a learning board where we learn from good/bad trades........`and neone can check out what i mentioned above
Post a Comment