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...
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Day Low : 7549.05 Day High : 7625.85 Range :76 Points Day Pivot : 7593 Hr. Pivot : 7581
Currently below Day Pivot @ 7593 and above Hr. Pivot @ 7581.
NS NEARLY a Century below D JNSAR @7679.
NS currently hovering around 7580.
NS in BOD mode in Hr. T/F & in Day T/F.
Below 7552 above mode gets negated in Hr. T/F.
BOD = Buy On Dips
GM Master and All!
OI table has surprisingly bullllllllllllllllllish bias today. If we see a follow up move from Bulls, the correction may have completed:.
http://www.niftytrader.in/nifty-live-change-in-oi/
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
Anybody please : What about Infosys results?
DEAR SIR YESTERDAY LOW 7479 IS Vth WAVE OF C OF (2nd) ISDONE AND 7731 IS 2ND OF 1st 7429 IS HOLD ABOVE 7631 ABC IS (2nd ) DONE...?
Aggressively Holding below 7625(DEma), Conservatively Holding below 7679(JNSAR/ Wk.Pivot), downtrend continues....
High made 7626.
Next: 7626 to 7549 fall retraced exactly at 7596 and fallen.
Next:
Support hasn't held at 7537-47.
Presently, the fall from 7596 to 7520 to be monitored:
7558 7567 ... is 50%-61.8% retrace of the last fall from …… 7596 to 7520
80% is - 7581
If weakness is to return, it should be around 7558 7567
Strength gets confirmed above 7567 OR 7581
Focus only on the present fall from 7596; I have given above the tentative retrace; fine tune it as per a 5 wave completion from 7596. (Presently the (v)th from 7596 may be unfolding...
14685 reached (and broken) on BN.
Modified retrace:
7553 7563 ... is 50%-61.8% retrace of the last fall from …… 7596 to 7509
80% is - 7579
If weakness is to return, it should be around 7553 7563
Strength gets confirmed above 7563 OR 7579
@ master
ಧನ್ಯವಾದ
@ Manish,
:-)
Remember, weekly trend is likely to turn down if prices are kept below 7547 which would lead to an attempt at WLEma-7400 or lower in the coming days.
Counter trend trades to be done only if you're experienced; Preferable would be to keep selling on retracements till a "faster reversal" & key numbers are surpassed.
jai bhole
hello sir & friends
Nifty is in ATR buy zone
Buy Zone : From 7523.25 to 7501
Breakdown below : 7496.55 (stop loss for intraday longs)
i have buy the nifty 7566 so we hold the nifty or exit it so which level we exit ?
Please advice it.
New Post Done.
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