This untouched beauty is bracing for a big Pullback
Hey Friends,
What a Roller Coaster week that was, each day new momentum and kind of Fear everyone of you must have experienced. So while we See the market was completely in indecisive mood offered many Trading opportunities to traders.
JSW Steel the one which we chose last week gave our traders handsome shorting entry @ 380 the upper leg of the opening trade and in two days the stock fell to 354 approx. It’s in the best interest of our traders who booked handsome profits of approx Rs.80,000/- on just one single lot. to read more about the last weeks blog click on the below link
highconvictiontrader...rtunity-to-go-short/
This week I am presenting you with one another such an ugly beauty which has been declining from 30th Oct 2017 when it hit an 9 years high 564 and now trading at 290 trading at 2 years low.
If you don’t want to miss on this beautiful setup go on reading
Case Study : Triple Bottom Formation
Stock : Bharti Airtel Reco : BUY Rate : 290-280 SL : 270 TARGET : 330 & 354
Observations:
Bharti made a 9 years high of Rs. 564 on 30th October 2017 & made a fresh 2 year low of Rs 282 in the last week.
The stock witnessed huge buying at 290 in 7th November 2016 week and it went to kiss 564 after that
Earlier in January 2016 also the stock could see sharp upsurge and made a high of 385
This clearly indicates a triple bottom is getting formed in the stock
Recently bharti airtel corrected from 397
In july 2018 the stock saw a pullback from 331 to 397
Currently the stock is placed at 161.8% retracement level of the rise from 331 to 397
This is giving us a notion to Buy the stock at CMP 290 for the target of 331 & 354 in several weeks to come by.
Our Distinctive stock Identification methodology differentiates us from the noise of the market. It is not just a lucky trade where we and our traders make money. It is a systematic process.
Trading Mantra:
” It does not matter if you win or lose on any given trade, as long as you get the process correct”
_Scott Ramsey
Billion Dollar Questions to Ask yourself:
Do you believe in taking contrarian approach and Trade Reversals ?
For me the answer will always be yes, because when you are taking the contrarian approach you think of swimming against the tide. In such bets the reward is absolutely is the biggest reward than anyone can take in a single trade, though risk persists, there is no reward unless you take a calculated risk.
Happy Reading….
Happy Trading…..
Be A Wealthy Trader…..
PS : I hope you like this Setup, then do like, share or comment.
Thank you for sharing …https://in.tradingview.com/chart/Xykdr5sZ/
What a Roller Coaster week that was, each day new momentum and kind of Fear everyone of you must have experienced. So while we See the market was completely in indecisive mood offered many Trading opportunities to traders.
JSW Steel the one which we chose last week gave our traders handsome shorting entry @ 380 the upper leg of the opening trade and in two days the stock fell to 354 approx. It’s in the best interest of our traders who booked handsome profits of approx Rs.80,000/- on just one single lot. to read more about the last weeks blog click on the below link
highconvictiontrader...rtunity-to-go-short/
This week I am presenting you with one another such an ugly beauty which has been declining from 30th Oct 2017 when it hit an 9 years high 564 and now trading at 290 trading at 2 years low.
If you don’t want to miss on this beautiful setup go on reading
Case Study : Triple Bottom Formation
Stock : Bharti Airtel Reco : BUY Rate : 290-280 SL : 270 TARGET : 330 & 354
Observations:
Bharti made a 9 years high of Rs. 564 on 30th October 2017 & made a fresh 2 year low of Rs 282 in the last week.
The stock witnessed huge buying at 290 in 7th November 2016 week and it went to kiss 564 after that
Earlier in January 2016 also the stock could see sharp upsurge and made a high of 385
This clearly indicates a triple bottom is getting formed in the stock
Recently bharti airtel corrected from 397
In july 2018 the stock saw a pullback from 331 to 397
Currently the stock is placed at 161.8% retracement level of the rise from 331 to 397
This is giving us a notion to Buy the stock at CMP 290 for the target of 331 & 354 in several weeks to come by.
Our Distinctive stock Identification methodology differentiates us from the noise of the market. It is not just a lucky trade where we and our traders make money. It is a systematic process.
Trading Mantra:
” It does not matter if you win or lose on any given trade, as long as you get the process correct”
_Scott Ramsey
Billion Dollar Questions to Ask yourself:
Do you believe in taking contrarian approach and Trade Reversals ?
For me the answer will always be yes, because when you are taking the contrarian approach you think of swimming against the tide. In such bets the reward is absolutely is the biggest reward than anyone can take in a single trade, though risk persists, there is no reward unless you take a calculated risk.
Happy Reading….
Happy Trading…..
Be A Wealthy Trader…..
PS : I hope you like this Setup, then do like, share or comment.
Thank you for sharing …https://in.tradingview.com/chart/Xykdr5sZ/
Trade active:
The stock zoomed handsome and tried to test our 1st target 331. made a high of 328