ilango
This user hasn't shared any biographical information
Homepage: https://jusnifty.wordpress.com
A move below 11945 would suggest that this rally is not an uptrend but a corrective rise only !!
Posted in Uncategorized on December 12, 2019
Based on latest prices, trade plan needs to be fine tuned. Prices have closed below 10Sma 11976 but above 50Dsma-11764. In the current scenario, 2 possibilities remain:- (Unless Mkt changes direction breaking key level)
- The 2nd wave continues towards 50 Dsma. (Almost done or one more phase pending post this rally which can retrace any % of the last fall of 12159 to 11832)
- The B wave remains in contention till below 12100 & more breaking 11700.
If remains above 11950-11960 strength would continue towards 12000-015 & above which 12045-065.
If remains below 12000-015, weakness would return towards 11950-960 & below which 11895-910.
Learn Elliott’s wave study with.. Frost and Prechter’s book “Elliott Wave Principle”- a free online version of the book is available here – the link. bit.ly/2Zj9v3W
A reversal from key support zone (11819-11843) unfolding towards another key retracement zone of “11986-12015”
Posted in Uncategorized on December 12, 2019
Based on latest prices, trade plan needs to be fine tuned. Prices have closed below 10Sma 11994 but above 50Dsma-11746. In the current scenario, 2 possibilities remain:- (Unless Mkt changes direction breaking key level)
- The 2nd wave continues towards 50 Dsma. (Almost done or one more phase pending post this rally)
- The B wave remains in contention till below 12100 & more breaking 11700.
If remains above 11890-11900 strength would continue towards 11950-960 & above which 11980-12000.
If remains below 11950-960, weakness would return towards 11890-900 & below which 11840-850.
Learn Elliott’s wave study with.. Frost and Prechter’s book “Elliott Wave Principle”- a free online version of the book is available here – the link. bit.ly/2Zj9v3W
If remains below 11910-930, weakness would continue..
Posted in Uncategorized on December 10, 2019
Based on latest prices, trade plan needs to be fine tuned. Prices have closed below 10Sma 12013 but above 50Dsma-11746. In the current scenario, 2 possibilities remain:- (Unless Mkt changes direction breaking key level)
- The 2nd wave continues towards 50 Dsma.
- The B wave remains in contention till below 12100 & more breaking 11700.
If remains above 11800-11820 strength would return towards 11900-910 & above which 11925-935.
If remains below 11910-930, weakness would continue towards 11805-820 & below which 11750-770.
Learn Elliott’s wave study with.. Frost and Prechter’s book “Elliott Wave Principle”- a free online version of the book is available here – the link. bit.ly/2Zj9v3W
Recent Comments