AvinashGaikwad

EDU: Impulse Wave/corrective wave

NSE:JINDALSTEL   JINDAL STEEL & PWR
125 views
5
how to identify Impulse wave and corrective wave in simple form.
Comment: why trade impulse wave mostly:

1) trade with the trend( high probability)
2) instant returns(sudden move)
Comment: looks like downtrend ended. impulsive move in uptrend started.. will add on retracement.(100-110 level)
Trade active: accumulate stock
Trade active: buy with target of 200
Comment: moving....
Comment: 50% OF TARGET.. waiting for sharp moves.

Comments

Hello Avinash- I have same view on this counter. Fresh cycle started now post breakout...

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AvinashGaikwad sujaybodas
@sujaybodas, great... thats make technical work...same view.. lets push to upside.
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Ok. So you mean it will be a good bet to go long in March 2017 series. Kindly share the support and resistance levels.
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@venkaticr, buy range 100-110 with Sl 90

Target 200 300
Reply
venkaticr AvinashGaikwad
@AvinashGaikwad, Great. All the best for the March series.
Reply
@venkaticr, SAME TO YOU... lets.. push
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