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...
22 comments:
Why there is not a single comment today?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8079, S1-8014, R1-8202, VWAP-8139
Equally distributed addition till now, with a small advantage with the 8100PE writers, Range for the next few days 8000-8200 for the next few days…
Thanks & Regards
@Master,
'B' have 3 -sub wave a-b-c, pls give a count if possible?
I was confused and checking my system. No comments from anybody for almost 50 min.
Why such a silence today.
Blogspot sites got some browsing problem since yesterday.
Ihns broke above neckline 8114-8146 today. Head at 7925, shlder at 8107-8071
Since yday, nifty making higher highs and higher lows in each hour. Breaking previous hour low will be sign of weakness?
@ Prithvi Raulji ,
B labelled from 7925 which is almost done...it could stretch too .
It depends on today's close whether "B" or "5" unfolding.
So far, the impulse charateristics shown...
Previous 2/3 hrs low
Nifty could make a new day high around 12:30 - 1:00 pm.
a bearish WW may develop in 2 min charts
pt1 bear 8143
pt2 near 8108
pt3 near 8160
pt4 near 8137
pt5 may trgt abv 8180 near 12.45-1.15pm
trgt price is 8120 near eod
views will be negated below 8129
cmp 8138
Though 8100Pe added about 10 lac OI still 8100CE OI not unwinding
Ilango Sir at his best ! If C wave unfolding we may be heading towards 7870.
Thanks Master,
But i would give little advantage on FII number (Yesterday's figure)
Fall would comes
Dear Sir,
Faster retrace of last rise from 8107?
Waiting for JNSAR at 8057 to be hit to reverse ans short !
Brothers, be prepared to short at 8057 with stop loss of 8077
GM to all,
All european fut are +++++ve up >0.8% so shorters be cautious
New Post Done.
yes short only when nifty spot touches 8057 till then stay long ..
Sorry to all,
Not going against trend
Master said looks like impulse
taking retracement trade
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