Tweet

Van Ilango (JustNifty)

3 Sep, 7 tweets, 4 min read

Learn & Earn "ABC" of Trading:
#Elliottwave
Corrections are primarily-Zigzag & Flat
Flat's sub-waves 3-3-3 or 3-3-5
You see "A" with 3 sub waves, "Flat" in play
The range bound price action is bullish.
#Nifty
Established "17210-17310" range.
Break out & break down beyond this.

#Nifty below 17284 would move lower as in an "Irregular flat" (Remained below 17325 but made a high which is higher than 17312)

Learn & Earn "ABC" of Trading.
Making money with "Flat" corrections.

#Nifty
"Flat" has sub-waves of 3-3-3 OR 3-3-5
3-3-3 done @ 17229 & bounced sharply. This pattern is confirmed IF moves past 17284.
IF not, it could revisit lows 1 more time.
Remember: "Flats" are very bullish unlike zigzag.

#Nifty
Now, 17258 must hold for ST bullishness to continue for new ATH..
#Elliottwave guides you at every step along the way.
Even when it starts to get cloudy, it alerts you with a breach of a "Number".
LRHR trades are possible all the time with #Elliottwave

IF you're an aggressive trader, keep 17275 as TSL now.

#Nifty
Seeing only waves and nothing else.
Seeing only Nature's law/ Human behaviour.

Am sure, you're learning and earning too.

Corrections reveal character

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @JustNifty

Van Ilango (JustNifty)

@JustNifty

16 Sep

Must work continuously....
This one has been in a corrective phase with shallow retrace for the last "9 Days"

#McDowell IF holds 735-738 & shows a reversal signal, it would attempt ATH & 800-825.

#McDowell

#McDowell
After a "Flat" correction (Darwas box !!!), just warming up

Read 6 tweets

Van Ilango (JustNifty)

@JustNifty

16 Sep

#Banknifty in focus.
#Hdfcbank 8 days of cons. A move past 1560-65.
#Icicibank 10 days of cons. A move past 717
#Reliance 6 days of cons. A move past 2400
#Hdfc 3 days of cons. Holding 2785-2805 & move past 2825

#Hdfc breaking out..

#Icicibank is poised..

Read 10 tweets

Van Ilango (JustNifty)

@JustNifty

2 Sep

#Infy
seems to have done a "ABC" in Hour t/f
Holding 1662, a LRHR trade.

#Infy
A small 5 seen in 3 min. t/f
Ideal entry @ 1667-1672 with SL @ 1664.
Any trade can fail but it must be a LR one.

#Infy
A small 5 seen in 3 min. t/f
Ideal entry @ 1667-1672 - Low done 1670 & now @ 1683+ so far
with SL @ 1664.

Read 4 tweets

Van Ilango (JustNifty)

@JustNifty

2 Sep

https://twitter.com/JustNifty/status/1433258099113037831

Use "ABC" of corrections to initiate LRHR trades.
Even a " Good Trade a day" would be enough.
Zigzag corrections - If understood correctly, it's a straight path to riches...

https://twitter.com/JustNifty/status/1433258099113037831

#Banknifty from "36375-538" zone, making a low of 36469 & now, @ 36739 so far

Learn "Elliott Wave Principle" - a free online book-link here- bit.ly/2Zj9v3W

@Murthy_Santhosh

Santhosh Kumar
@Murthy_Santhosh
·
21m
Replying to
@JustNifty
I was expecting a move towards 36375.. how should I interpret the corrective wave C (is it incomplete?)

-"Use simple channeling technique to identify a wave completion as well as the start of the next one".

Read 6 tweets

Van Ilango (JustNifty)

@JustNifty

2 Sep

Learn & Earn "ABC" of Trading:
#Elliottwave
Corrections are primarily 2 kinds-Zigzag & Flat
Zigzag has sub-waves 5-3-5
Flat has sub-waves 3-3-3 or 3-3-5
Once you see A with 5 sub waves, zigzag in play; look for 50%-61.8% retrace to sell for targets 0.618 - 1 times "A"
#Banknifty

@asitbaran

Another Zigzag in play #tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
Initiated a "Sell"; part booked on completion of 1st wave; would initiate again on retrace today for a LRHR trade to play the Big 3rd

@asitbaran

#tatasteel : pointed out yesterday by @asitbaran in @CNBC_Awaaz
1st wave & 2nd in play;
A LRHR trade to play the Big 3rd @ 1433-39 with 1446 as SL
IF trades fail, doesn't mean yr strategy is wrong. Just yr reading of it is wrong. Reread.

Read 4 tweets