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...
22 comments:
Please do not post your trades here.
hi, sir,
Happy Guru Poornima...
Thanks for always guiding us...
God Bless You...
In last 2-3 days,up to 2 PM,NSE cash volume turnover was closer to 8000 Cr.
Today it was 5700 Cr.
@DRji,
Where Are you going ???
@ 1.58 PM when Nifty came up to 6040,there were 5 HVT bet.6040.70 & 6043.90,which would be crucial for the day for Bulls...Let us see..
@Sir,
How can we know if the a-b-c-d-e of wave-C are over?
@Sujatha,
ok... Still trader vic's 2b pattern active in NS
with res around 6060! See you tomorrow... Bye...
still BN is not participating......if...then??
@ Sonu ,
If the "Channel breaks" or "6016-6004" is broken.
The rise being seen as a corrective rise for the earlier fall of 6229-5566 ("A" wave)and considered as "B" wave, it is quite challenging to identify the sub-waves.
Each segment needs to be studied, resistance, supports for each day analysed and trades, mostly for intraday, carried out.
Namaste Ilango sir & JN Family
Happy Guru Poornima to Sir & all.
GA Mynac,
Hope all doing fine at your end?
@ Mynac,
smelling a bounce based on technicals only, esp since so close to Supports.
ur HV study adds strength to view , lets c
:-)
@Sir,
You mentioned:
Weakness would be considered below 6049, aggressively and below 6035 moderately.
Can we consider shorts now?
61% retrace !
@Sonu,
Now please wait for JNsar too Break?
Than after doubt clear.
@prithvi
as per your advice we should wait for shorting below 5974 ??
A lot of support levels between 6000 - 6030..so lets see!!!
master is this correct???
NF....6018 to 6073 = 55*80%=44.......6073 - 44 = 6033.....?????
@ MASTER
Master mail send kindly reply when time permit.
Sir Wish U A Happy Guru Purnima!
sir
the 6060 lvel u mentioned on 19th ...acted as resistance today also
so r proved correct again
why is this so important
plz reply
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