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...
19 comments:
@Ilango Sir,
Greetings!!!
As market is showing some upmove today, so is it good idea to enter short around 7980-8000( roughly 50%-61.8%) retrace of last fall from 8059 to 7925 with 8020 as stop loss?
Regards,
Hardeep Thakur
Thanks Master,
I m waiting to make my querry about iii compl.@25 in new update
but you have eagle eye and update in new
@Master,
if iv the finished @7983 than
v tgt
8059-8025 84 point @7899and 61.8 also comes 7899???
pls
sorry abt attempting to early iv,
it may lead up to 7995
@ Prithvi Raulji,
Greetings!!!
Same query from you as i asked to master. As we are still below the key points, is it good idea to go short on the last fall retrace levels(7992-8008).
Regards,
Hardeep Thakur
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7962
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7980.
NS above Day Pivot @ 7968 displaying bullish trend.
Above Cluster Resistance @ 7983 - 92 next target is 8020 for aggressive trades.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Hema @ 7988 & D LEma @ 7989.
Weakness returns below Hr. Pivot @ 7962.
SAH = Sell And Hold.
BOD = Buy On Dips
@Hardeep
I think that we have in iv/c, 7938-7973-7964-7990-and v in play
breaking of 72 v compl @87
friend
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-7990, R1-8027, S1-7923, VWAP-7987
Corrective Rally to the huge fall of the last 2 days is underway, Stays weak till it is below 8101NF, For the day above staying above 8001NF is good for more…
Thanks & Regards
dharam ka toh monthly high ema touch karna banta hai bhai.
11.00AM TT & Chart updated..
@master,
2nd wave fall from 7842-7540=302 point
now
4th wave fall from 8180-302= 7878 , a good point to enter long at that stage with sl of 7842
Day Low : 7936.95 Day High : 7990.65 Range : 54 Points Day Pivot : 7968 Hr. Pivot : 7977
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7970.
NS above Day Pivot @ 7968 displaying bullish trend.
Cluster Resistance @ 7983 - 92 for aggressive trades preventing NS's rise.
NS in BOD mode in Hr. T/F & SAH mode in Day T/F.
Strength returns above Hr. Hema & D LEma @ 7989.
Weakness returns below Day Pivot @ 7968.
SAH = Sell And Hold.
BOD = Buy On Dips
ns cmp 7968
emas ain 5 min charts are aligning for a fast upmove soon towards 8101(minm.)
@master,
Can you give light on your quote " ii took 7 hours but iv taking just 2 hours??"
Is it indicate bullishness or bearishness????
Pls
S4S... 8101...any typo? How u calculate this.
There is -ww in 5min chart triggered at 7988...1-4 line is at 7900 aprx
seniors please any guidance for coalindia im long sir
@ Prithvi Raulji,
I have voiced the anomaly in the "time factor" of these two waves. Market is not a perfect place. Some corrections are shallow in price but long in correction and others are short in time but deep in prices.
A learning in our journey...
@ Stock4Sure - 8100 NS or NF?
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