As per previous update- "Container Corp- Dividend can explode container from 1120-1140" - well container came close to expected zone & missed by a marginal gap of 40 points compared to the fall from 1336 to 1180 -which was a rocket move.
There was a bullish engulfing candle & container pops up to 1223 & doing sideways - so will it start moving upside - a million dollar question.
Trading Strategy
Well in coming sessions if it crosses the rejection zone of 2 times, which is 1240 mark & sustains above that -it will be a sign of bullish move upside.
or it attempts once again to 1195-1205 zone, but staying above the trendline & most important 1180 swing low as shown earlier in the previous chart& interim updates- that could be an opportunity to buy or take long positions.
You would love to read my previous update
Container Corp- Dividend can explode the container from 1120-1140 mark
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09:48 Hrs 8th March2017
Last Price@1219
Day's Low@1202
Look at The Magical Trendline- Boom -Bounced again from 1202 -Day's lowest point- Making very strong trendline as contact points are increasing- In all there are 4 contact points including today's low.
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09:53 Hrs 15th March2017
Last Price@1251
Slowly & Steadily Container is creeping upside with 1202 as key support in the present. Trendline gave us lot of opportunities like buying at 1180's then push up & falling exactly on trendline at 1202 & bouncing off that level- you can't ask more from market as more never ends.
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19:37 Hrs 30th March2017
Last Price@1267
It took almost 1 month or 30 days for sideways move keeping 1202 intact so likely we could start an explosive move upside- need to keep a watch on the counter.
@akj91, Never do a trading without proper risk management. This is how you leave your backend open in all trading scenarios & trade. Never do trading without a proper stop loss.
akj91
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CONCOR seems to be crashing.I enetred long at 1275 .What you suggest now
akj91
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any idea why did it CRASHHHHHHHHH
akj91
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Concor crashing.I entered at 1275.Suggest action
ManikManna
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Dear Abhishek sir,
Can i take long position @ current level?
Thanks
Manik
WaveTalks
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@ManikManna, You can but but only if you are ready to take stops at 1179.
raghavendrakumart
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Sir ji,
Multiple problems with you EW count. Which form is the a-b-c taking ?...Non of the expanded flats takes this kind of shape.
Can you look at an alternate as some kind of a-b-c kind of rise.
WaveTalks
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@raghavendrakumart, Thanks for telling me - please suggest the correct form.