Oh- Its Kissed 297 look & started the bounce. Last Traded at 300- These are the places where Risk is zero & Reward is unlimited as per previous accumulation wedge pattern.
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10:40 Hrs- 20th Sep2016
Chennai Petro - Boom -Trading at 305
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07:25 Hrs 22nd Sep2016 Likely we should wait for the long positions only above 307.25 which has acted twice as resistance- so always look left & trade right.
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07:25 Hrs 22nd Sep2016
Our Key Level 296.90 also if intact & one gets a chance to enter close to that level can also be good buying zone but be careful with strict stops below 296.90
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07:25 Hrs 22nd Sep2016
Prior Swings highs to watched carefully or should be taken as target levels like 309.90 & 312.40 Above That It should give a decent jump, but careful to book profits at every milestone depending on your risk appetite.
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gulzarkdr
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Abhishek sir, whats the target do you expect here & time frame too ? Thanks
WaveTalks
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Hi, I have updated above.
gulzarkdr
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Hi, Many thanks for your prompt response. your calls & guidelines are very helpful me to learn/develop the basics.