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...
24 comments:
day R3 -5915
Ilango ji,
B as expanded FLAT from 5839, nearing end ?
Ilango sir,samit said 5965 at 5wave complet. Large correction5710. Pl explain
@ S A M i T,
We'll know that in 2 to 3 days time.
It will be a deciding time.
@ Illango,
yes sir..
Is 2.00 pm affect going to start today?
Master,
Conservative trade target?
sir all i can see on 5 min chart is 1st of 5th completed at 5905 & 2nd is on. ur view sir?
5905 what a number..hats off 2 u..its presently days high
Any currency expert here,
USDINR rising & nifty rising A rare occassion?
@ rk,
Isn't it wonderful when you see the "5's" in each sub-wave;
Isn't it easy, then, to calculate likely targets based on certain retracements holding....
and refining the targets as the waves unfold...
The 1st 5 is from 5823 to 5906 = 79.
The next 5 is likely to be min. 1 time & fairly 1.618 times.
@Ilango
From which retrace level would you calculate the next 5....5888????
Pardon the novice...trying to learn
Master 3 pm update plz
thank u sir...
Ilango ji,
Can u pls look @ the Alt label too... NS shud have comfy trade > DHiEMA by now , if new impulse sir :-(
MASTER'S TGT PENDING 5977.
SO NEXT FROM 5898
where is the closing above or below 5890
sir and freinds any idea what is the weighted average closing so far for today in nifty?
many thanks
@ shriram,
FII's continuous buy everyday of this month...
Higher T/F TA being intact......
5800PE firm....
It could attempt higher levels as long as "5855" holds.
New signals favour it..
No -ve div as the prices have just started up.
We'll know by tomorrow 1st session, whether prices hold key supports and move higher..
30sma in 1 minit( adjusted closing) running at 5896
Prithvi,
when Master gave target of 5977?
Remem.....
carrying longs
regds
@Ilango: Should we not consider the 6K CE also?
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