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axis bank elliot wave count

Discussion in 'Technical Analysis' started by eldermanojjain, Mar 31, 2013.

  1. eldermanojjain

    eldermanojjain New Member

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    dear shabbir ,
    axis bank-1M according to these count now axis bank is in 4C wave so now it start wave and its first target is top of wave of 3i.e. 1535
     

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    eldermanojjain, Mar 31, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    According to my theory it has formed lower top lower bottom and so I will not trade based on elliot wave. If the wave does not break support then only I may be interested.
     
    shabbir, Mar 31, 2013
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  3. kamat79

    kamat79 New Member

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    Hi Shabbir,

    I have read about Elliot Wave, but then I think it depends upon how someone counts waves. It's not really reliable. Any thoughts?
     
    kamat79, Apr 1, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    I would not say it is not reliable but it is something where you have not found a trader and expert. People trades based on it and I am sure it works but then I don't use it.
     
    shabbir, Apr 1, 2013
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  5. kamat79

    kamat79 New Member

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    Thanks Sahbbir. Is there any material to read on it?
     
    kamat79, Apr 1, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Not much but you can definitely check out this book
     
    shabbir, Apr 1, 2013
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  7. pravin_g

    pravin_g New Member

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    Axis bank is on the verge of break out. A buy above 1517 with a SL of 1430 can be possible

    Please share your views

    Many thanks
    Pravin
     
    pravin_g, May 8, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Perfect levels Pravin
     
    shabbir, May 8, 2013
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