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...
8 comments:
Ilango sir, What is the value of WLEMA?Regds.
@animoitra its 5073 as of now
@VK Sony thanks a lot brother.
Dear Sir,
Good Evening.
I have a question.Nifty today closed at 5169 which was
breakout level after 12 weeks of consolidation.
Bulls showed strength and at least make it closed at that
level during dying hours of trade.
Does the above observation shows the technical strngth
of nifty coz as per TT it has closed below DLEMA and WEMA also
so jst wanted to have ur inputs..
Please take care of ur health
Have a nice weekend ahead.
Rgds,
Bramesh
Ilango sir,
what is the confirmation point for fast fall set up in weekly chart.
sir same question. what is confirmation point for the fast fall? is it close below weak low ema?
i have made a blog exclusively for nifty options.Please have a look at it link is in my profile section
Its looks like market will go up on Monday.
Thus take shorts at 5230-70 levels with SL 5280-5300
TGT 5050-5100.
My Long term picks:
BUY Voltas @60-100 TGT 1000 (10 Years)
BUY Reliance Infra @250-400 TGT 1000 (2 Years)
BUY Cairn India @200-270 TGT 2000 (5-7 Years)
more I will add.
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