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...
30 comments:
Tata steel requires weekly close above 377-78 to keep bullish momentum.
Good Mrng Master & Family..
"It scares you, all the noise, the rattling, the shaking. But the look on everybody's faces when you're done and the well is under control, they're the best smiles in the world." -- Red Adair
Good Morning Sir and Blog Mates
veerasamy
NF premium reduced to to Rs. 3.
ST resistance nearby...
dear iiango sir nifty below 61.8% - 80%....low 6130.80 so iregular b wave done..?
Thanks Kiran for the response
Respected Sir, good morning!
The D...D...D so far has been able to produce a range bound small correction..Now this being the last week of this month as expiry, weekend and month on same day, In hindsight , some how calls for the bullish undertone. Is this interpretation for the TA correct for making some intermediate medium term trades, unless counts change by some move in the opposite direction?
Instead of ST, please read as Intra day resistance is nearby...
A "Flat" underway. I had a flat tyre today...!!!!
Keeping below "6154", it continues....
hahaaha.....so lots of FLATS around......
Sir ,
In hour chart a completed at 6086.
I think it mistyped as 6052.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6151, R1-6183, S1-6131, VWAP-6150
Fortification of 6100 and 6200 Level by the respective PE and CE writers on, seems like range bound day in the making…
Thanks & Regards
Good morning master n all blogmates
Master can we take abv 6154 as start oh(3) of 3? Thank yu
Master ----
Timing oo Timing!! :)
that's why nifty also flat just moving around 6145..
@ vksoni,
You are right; "a" ended @ 6086; wrongly marked as "6052". It will be changed @ 11.00AM update now.
Thank you.
Hi Sanjay
New Photo Looks Good
Patience required for intra trade, till range 6129-6160 breaks....
Good Morning All. @SKS Agree with you.
-WW intra.. time for a revisit to 6130 NS ?
Master / friends-----
What they do in "PRE OPEN" today saw a low of 5912 ...almost 240 points down... Simply punch some numbers or what?? hehhe
fast rise in 5, 10 and 30 min chart frames....with 13 and 34 ems in respective time frames....
@Shriram
SL/ invalidation pls
@ Squander:
1st n foremost Q : ENTRY Trigger for the pattern .. needs 5mins close < 6155 NS
SL : depends on R:R (ideal SL = 1/2 x min. Potential Reward)... cant give trade calls, so pl see
accordingly
Pattern Invalid > 6175
@GK Preopen சந்தை தகவல்
Details on how the preopen session works......
http://www.basunivesh.com/2012/07/16/pre-open-session-of-nse-bse-how-it-actually-works/
Have a great day..:)
@ SB: wonderful writeup , tks , this is new to me .. dont even see pre-open !
thanks a lot mate
Master,
Can the rise from 5934 be seen as a CT "abcde" , "e" in play up from 6087 seeking 0.618xc ??
Thanks SBSB :)...sometimes it shows a very scary picture :P
New Post Done.
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