Hello Sir
I am "XX" my age is 22 & I live in Mumbai
I am writing this because I want guidance from you sir
I just completed engineering and now looking for job but when I start learning /revising concept I am not able to do continuously
I think about stock market aggressive
Wanted to do something in stock market. There are lot of material available on internet but it is basic I don't know anyone or none of my relative is in this field
My parents are suggesting me to look for job
But When I start studying I don't remember things .
Whole day I just think about market
I want your advice that what should I do
Focus on studies and get a job
Or should I learn about market full time
Because my age is 22 & I have not earned a single money yet not having any experience
The only retrace that matters now is of "18061 - 17798" - @ 17930-17961 above which chances of big rally to 18350-450 is likely & may be more too..
Holding 17825-860 is very critical
FOR BEARS:-
Break below 17825-860 & remaining below 17950 then on
#Nifty
+ve divergence in 5 & 15 min. t/f has produced a rally.
How this handles the gap zone of "17967-996" would give us clues for underlying strength/ weakness.
Always follow "Last rise or Fall retrace" to manage your trades. #Retracementstrategy
#Nifty
Key Retrace of last rise from 17798 to 18001 is
"17876 - 17900" #Retracementstrategy
As long as this Holds, higher levels coming.
#Nifty
There are 3 retracements at work here as long prices remain above 17827.
Inability to move past 17908 would mean, more pain ahead.
Till above 17827, attempt would be on to test one of the retracement.
With Hour trend Down, would prefer to sell on retracements
#Nifty
With Hour trend Down, would prefer to sell on retracements
IF Sold closer to 17889, a gain of "50+" points
Trend is your friend.
Hour trend for Intradayers
#Nifty
1 retrace is removed.
Now, only 2 are left to deal with
Let us choose the most simplest & most effective of all tools - #Elliottwave
IF the name sounds complex & alien to you, let us call it just #Wave - Why ?
In the market, Prices never flow like a river but unfold like waves.. yes., waves
#Waves advance, then retrace and with each advance & retraces, they gather strength & thus the subsequent advances grow in strength & intensity until they blow themselves up. Then, they go into a quiet mode.
This is Nature's Law; Crowd behaviour and we deal with just that.
What this Nature's Law states is that the advances & declines follow "Fibonacci sequences"
1, (1+1)2, (2+1)3, (3+2)5, (5+3)8, (8+5)13, (13+8)21 & so on...
It has been observed by Ralph.N.Elliott (1939) that these advances move in 5 waves followed by a 3 wave decline - 12345 & abc