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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
7 comments:
Blogmates..Can any body explain me how is this pullback line arrived(represented by master in the chart ) and what would be the significance of that...
Hello master and blogmates
Wipro at channel support : Click here
@Hemant : Master is indicating a possible -ve divergence. As per me, -ve divergences are common in long trends. They just give you an opportunity to enter once again at lower levels. Sometimes they also turn into reversals. Every thing depends on EOD / EOW TA.
Thanks RK...Master if time permits can you please explian.Awaiting your valuable comments..
Thanks for your time :)
Namaste Ilango Sir & Blogmates,
(Bullish: New High was done as expected with the Bulls making sure that the level of 6800 won’t be easy to break till expiry; Longs need to be cautious as VIX near 35...: Option Analysis for 21-04-2014
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Sanjay Kr Jaiswal
UNI CON......Luks like the CON in the name really worked........There is another with GRESS along with CON.......
When markets show such one sided moves....its a no brainer that the payouts have to come from somebody's pockets....how deep can they be.....:):)
Hope retail clients get their money back.......which is doubtful.....Insurance or no insurance.....Luk at the HNIs in NSEL....stuck like Fevicol ka jod....:):)
We are not trading to file complaints, FIRs, collecting xerox copies of contract notes, waiting for insurance money.....etc...etc.....WASTE OF TIME!!!!!!
We are trading to be FINANCIALLY FREE.......:):)
Let us not be penny wise and pound foolish....!!!!
Gnite and sweet dreams....:):)
@ Hemanth,
Whenever a major break-out happens, prices tend to pull back towards the break-out point after an exhaustion in the upmove. This need not happen all the time. The possibility remains. The chart show such a possibility. It will happen if prices close below 20 dsma or 6700.
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