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...
23 comments:
friends
HOUR SUPPORT RESISTACE CHANNEL 5885-5896-5900-5907-5913-5919
today worked well
regds
smelling a Day bottom, can we see 5920 now ??
Price > 5910, wud be req. to nourish this view :-)
@ CDG,
Since the close below DHEma on Friday, the upward momentum has weakened; hence nifty would consolidate considering the "week/ month uptrend being intact".
During such a consolidation, trade supports and resistances and trade light.
What kind of correction, no one knows. If you're well versed in intraday technicals along with supports & resistances, you could make small trades.
I do not see any big break down considering the uptrending week & month TA.
good going friends!!
@Master
is there any -ve div. in hour macd? pls confirm
Dear Shardha sir,
To keep Day TA intact nifty should close above 5926
Sir how u arrive this no 5926?
Dear Prakashbkc
Here sir is only Ilango Sir ,Nobody is here Sir, We all are all his students with equal knowledge! clear!
thanks
As per cal today ( still not closed)
Day JNSAR channel high comes near 5926.
Day high EMA is 5915.
Many Many regds
Yesterday Low making candle : 3.19 H 5965 L 5921
= 44 points.Extra strong bearsh candle vol 847800
It is tnteresting to see all 5 M candles are
Inside so far.This bar may dominate the move.
For me Ilango sir is our Master
Thanx Shardha sir .
Dear Prakashbkc
No sir!!! again
somebody say Guruji, master, Sir these words are nothing but the respect which we give him.
may you are having knowledge more than me but it is not sparkled yet. Give the respect to the right person only
sorry!!! if you hurt by my words
regds
3.00PM TT & Chart updated.
"5906"-the channel resistance.
TT has turn quite RED......
After a little correction, SBI again on shooting spree. now about to make a double top pattern on day chart.
ILango sir today & on Friday nifty made a bottom of 5888, what numbers will confirm it as a double bottom .......please reply & thanks
Re-calib the Alt. EW count from 5839
for C.3.5.v
a 5839 5950 111
b 5950 5889 -61 -55.0% ** DONE ?
If yes, c will tgt Min 0.618xa, as a ZZ ...
c 5889 5958 69 61.8%
lets "c" ;-)
@ Shriram:
"shriram said...
smelling a Day bottom, can we see 5920 now ??
Price > 5910, wud be req. to nourish this view :-)
December 10, 2012 2:14 PM "
I like your nose man :))
avg closing 1 min 30sma currently at 5902, NF 30sma at 5941
friends
final movement
OK Shardhaji, if this annoying u I will take care in future.
Morever I have very little knowledge relativly.
still down nifty!!
Fierece fighitng the whole day for that 5 M candles.The day inside in 5 M candles 5 M candle.!
ok prakashbkcji
cheers!!! bye friends !!!
thanks Sir
regds
Sir, i am new to this chat area. i found that there was a continuous buying in FII for the last 5 trading sessions in this month.
what is your outlook for the short-term (1-2) months view?
kindly advise me .
expecting your valuable opinions.
suresh
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