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Van Ilango (JustNifty) Profile picture
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13 Nov, 3 tweets, 2 min read
Can't understand this mumbo jumbo !!
Tell me something simple
Ok! Since you can't count "12345" & read "abc",

let me show you "Kaise line marte hain" ?
Take an up trending stock that is making HH & HL, enter after 61.8% retrace of last rise or after #Trendindicator gives a BUY
My friend, Shivaprasad, used just "Golden ratio retrace strategy (61.8%)" during 2008 market fall to initiate "Shorts" and made millions
(only 61.8%)

Is making pivot lines - extending lines from key lows & highs difficult ?
Is making 61.8% retrace lines from last rise difficult?
Is buying #Trendindicator triggers difficult ?
Is making money & going home is difficult?

What's difficult is -
wanting to catch every micro moves -greed
wanting to be right & never wrong -fear

Everything depends on how you act/ react

Experience should make you wiser & richer

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More from @JustNifty

Van Ilango (JustNifty) Profile picture
13 Nov
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
Read 5 tweets
Van Ilango (JustNifty) Profile picture
12 Nov
#Bhartiartl
Held "722", making a low of 724.45, yet to claer ATH.

Now, Holding "730", it could do today !! Image
#Bhartiartl
@ ATH.

Now, Holding "735", more to come today !!

#Elliottwave Image
#Bhartiartl

Now, Holding "735", more to come today !!
Making a low of "736"

Strict SL..
#Elliottwave Image
Read 9 tweets
Van Ilango (JustNifty) Profile picture
12 Nov
#Hdfclife "Only for a Trending chart"
Draw key pivot points using 1 min. chart
Use these points to make "Intraday trades in ATM CE" Image
#Hdfclife

#Elliottwave structure seen for smaller waves.. Image
#Hdfclife

On closer look, seems a "Flat" correction is ON.
You know where to buy now !!! Image
Read 6 tweets
Van Ilango (JustNifty) Profile picture
11 Nov
#Nifty
FOR BULLS:-

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 Image
#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 Image
#Nifty
Key Retrace of last rise from 17798 to 18001 is
"17876 - 17900"
#Retracementstrategy
As long as this Holds, higher levels coming.

Remember this condition. Image
Read 5 tweets
Van Ilango (JustNifty) Profile picture
11 Nov
#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 Image
#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 Image
#Nifty
1 retrace is removed.
Now, only 2 are left to deal with Image
Read 4 tweets
Van Ilango (JustNifty) Profile picture
4 Nov
A simple beginning in this long journey.🙏

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
Read 8 tweets

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