NSE:IBULHSGFIN   INDIABULLS HOUSING
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Probably wave 'B' might commence from this level.
Comment: I am bullish.
Comment: No change in my idea.
Trade closed manually

Comments

S.L of 639 for Long?
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@AMBRISH, SL depends, for intraday its OK. Price unfolding into 5th sub-wave of Ist wave. From 682 level price may retrace to 575. For long term better at 573 but never below this level.
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I-Fund-Trader swapan-choudhury
@swapan-choudhury, How do you identify the end of the wave ? You have labeled as a b c , or 1,2,3,4,5 , tell me how do you identify that particular wave is end? How do you identify the end of b wave ? what are the characteristic of it ? what are the characteristic of wave a ? Just asking for learning purpose , thanks in advance
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@MoneyRain, I don't know about this chart, but particular wave ended depends on various factors and especially counting internal waves. And for me somewhere my intuition works well.
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swapan-choudhury yogi_sharma_elliottician
@yogi_sharma_elliottician, You must know that trading notions are ideas and that we need to validate by watching minor waves within it so it has nothing to do with your intuition. Remember, we should not allow the EW rules to be flouted when it suits us.
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@swapan-choudhury, first, I think you didn't read 'especially counting internal waves'. Second, coming to intuition part, I have no explanation for this. It is some beautiful science, and it is individual understanding. Third, your 5th wave is not an diagonal its 3 wave move. Good luck. :)
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swapan-choudhury yogi_sharma_elliottician
@yogi_sharma_elliottician, Several interpretations are always possible, here you differ with my counting. What matters at the end of it, all is how we deal with price following the principles of EW. Best of luck.
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swapan-choudhury I-Fund-Trader
@I-Fund-Trader, For answer to your all queries, Pl watch my all previous posts that might help you in learning Elliott Wave. Remember different interpretations are always possible at any given time. A trader has to deal with EW of his own, so that he knows where the wave ends and where he wishes to entry/exit.
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I-Fund-Trader swapan-choudhury
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AMBRISH swapan-choudhury
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