Use the oscillators at the right moments.........
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...
6 comments:
Ilango Sir,
Nifty has broken H&S pattern decisively on the daily chart.
What is ur expectation on this H&S. Can we expect nifty to
go down to 4800-4700. Whether there will be bounce first or
we can expect lower target.
Regards
Hi Ilango,
One clarification, please with regard to the 1st Daily chart. You have mentioned ... Strength above 5375 and weakness below 5455. From a layman's point of view, if there is weakness below 5455, how can there be strength above 5375. Could you please elaborate.
Thanks and regards,
Amit
Namaste Ilango Sir & Blogmates,
Bears have tightened the noose around the Bulls: Option Analysis for 20-06-2011
And for those friends who are suffering for Blogger Problem Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
My tech view is the market slide down further Nifty may go down-4900 level.
@ Hops,
If you have been reading all the EOD posts of recent days and today's heading, you would understand that market has been exhibiting weakness below 5455 and broke down below 5355.
If it moves above 5375, it would mean short term strength as we are reading the market everyday and adjusting to the developing TA for trading purposes.
I have kept the "Weakness below 5455" which was seen in the past posts to remind us of the larger resistance point which may become irrelevant if new lows are made and the intensity continues. In such a scenario, it will be removed from the chart.
Hi Ilango sir,
Market broken the 5350 levels. intraday levels moved to 5190 and bounced back to 5250 levels.
Will market test the 5350 levels again ?
My understanding - usally broken support or resistance will be tested again.
Please correct my understanding.
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