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...
26 comments:
GM SIR & All
satheesh mam B done at 382 in tatamotors
@ Sai,
These retracement strategy is the best way to make intraday trades.
And they work even better in positional holding's partbook-re-enter strategy.
@ mynac
Sir
Thanks for sharing ur view
where there is a " C" marked in masters chart and when rsi is in over bought zone, HHEMA @6072, DHEMA 6075 providing enough resistance, it the NOW moment for rabbits....
Looks like a 8 headed diametric readying for a break
BN looking quite bullish today
does anyone know a weblink where i can view live nifty future rates
Nifty 6000 put OI crosses Ninety lakhs as of now with price decrease...
gm master & blogmates - aakash
Sir, Which one do you suggest, Taking positions and sitting tight for entire move or Exit - re entry as per retracements ? Which is the beneficial or matured way of trading. Will try to adopt the good method.
Sir ji, Can Nifty see 6148 to 6200 levels ? Seeing above JNSAR for last two days, can we assume 200 points up move from here ?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6075, S1-6044, R1-6096, VWAP-6077
Repeat of yesterday, with the index within a very narrow range of 27 points and Support at 6000 and Resistance at 6100, Hope to see some resolution either today or tomorrow…
Thanks & Regards
@ Sai ,
Follow; prediction would bring along anxiety which is not good for traders.
Mind plays games with traders. Once target is imagined, the trader is disconnected from the "Now prices & changing technicals". Hence, follow wherever your study & prices take you.
Ilango sir, is it possible to trade without placing some prediction on all markets (bull, bear & range bound)? I dont mean to challenge but just a question. Some amount of risk is involved in our predicted positional move, right?
@Master can Nifty reach dhema +20 (6095) and weaken????
@ Karthik,
There are people who plan their lives and live.
And there are those who don't plan but follow...flow with everyday happenings...full of surprises...always "being in the Now"....allowing the "unseen forces" to guide and take us forward and I call this "following".
The former also lives...make progress...achieves.., the latter also lives...make progress...achieves.
But there is a key difference between the two. I have chosen the latter and am always relaxed.
How do you like it? Relaxed or anxious..
Thank you sir.
Now if Nifty closes above DHEMA 6075 in this hour, we can add more longs?
Or should we wait till EOD close ?
How do you like it? I am for "Relaxed" Ilango ji :)
sir from 6053 3rd done or 5th?
@ Karthik,
One of my teachers always says :
"A good trader is neither a bull nor a bear.
He changes his trading mode as per the trend of the market.
Patience and discipline are always rewarded.
Profit will come surely,
if you stick with your right Trading Technique
Always be a price watcher.......Price is God........Market is supreme"
Be a price watcher and not predictor.....Prediction perishes....
@ Piyush Sharda,
It could be counted both ways... Both will be within the "Resistance zone".
thanx sir
Any one please
for RSI , MACD which time period is most prefferable??
New Post Done.
Bhav Bhagavan che...
ILango Pujari che.......Shriram Livermore..:):)
nifty trend positive today and good support at 6050 level for nifty, bank share, and IT, PHARMA look positive for more live trading calls please visit here free option tips and nifty future tips
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