Hindalco - WaveTalks- Proposed Triangle (D-Wave Upside)
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
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Plan A
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Break of the Rising Channel Upside - Look for Targets 115-120 zone. Remember, if you can't hold your trades then you should book partial profits in between
Plan B
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Portfolio Stock - Best Buying can be seen in the 115-120 zone for below-mentioned targets later
Target 1 - 145
Target 2 - 175
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Plan C-
In case of stock crosses 175 & 220 highs then it goes beyond 300+ in months & years ahead.
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Previous Ideas can be checked from TradingView Profile Page
in.tradingview.com/u/AbhishekHSinghCMT/
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Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
---------------------------------------------------------------------------------------------------------------------------
Trading Strategy
-----------------------------------
Plan A
-----------------
Break of the Rising Channel Upside - Look for Targets 115-120 zone. Remember, if you can't hold your trades then you should book partial profits in between
Plan B
-----------------
Portfolio Stock - Best Buying can be seen in the 115-120 zone for below-mentioned targets later
Target 1 - 145
Target 2 - 175
-------------------------------------------------------------------------------------------------------------------------
Plan C-
In case of stock crosses 175 & 220 highs then it goes beyond 300+ in months & years ahead.
-------------------------------------------------------------------------------------------------------------------------
Previous Ideas can be checked from TradingView Profile Page
in.tradingview.com/u/AbhishekHSinghCMT/
-------------------------------------------------------------------------------------------------------------------------
Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
Trade active:
19:12 Hrs / 4th June 2020
Last Price @ 142.65
Stock Recap
Had a lovely fall from 143-144 handle to close 138 levels in today's session & later it bounced upside to 142-143 & closed at 142.65
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Trading Plan for 5th June 2020
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Bearish Bat Harmonic Structure
Strictly -------------------------Only Below 143 ---------------We expect 140 / 138 & Lower Targets below 138
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Longer-Term
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We look for 115-120 zone as suggested in the main trading strategy above. No selling trades if holds above 143 levels
This call invalidates if holds above 143 level.
Last Price @ 142.65
Stock Recap
Had a lovely fall from 143-144 handle to close 138 levels in today's session & later it bounced upside to 142-143 & closed at 142.65
--------------------------------------------------------------------------------------------------
Trading Plan for 5th June 2020
------------------------------------------------------------------------------------------------
Bearish Bat Harmonic Structure
Strictly -------------------------Only Below 143 ---------------We expect 140 / 138 & Lower Targets below 138
-------------------------------------------------------------------------------------------
Longer-Term
--------------------------------------------------------------------------------------------
We look for 115-120 zone as suggested in the main trading strategy above. No selling trades if holds above 143 levels
This call invalidates if holds above 143 level.
Trade active:
10:19 Hrs / 5th June 2020
Last Price @ 149
Stock invalidated the bearish bat structure as did not move below 143-our trigger level so we did not take sell.
Later, It made a new high at 151 levels & currently trading at 149- Traders who hold long positions should now be looking 150-151 as extremely important zone & holding below this zone we can look for 138-139 Target zone & below 138 -continues downside.
Note--- Avoid selling, if the stock moves above 150 as caution.
Last Price @ 149
Stock invalidated the bearish bat structure as did not move below 143-our trigger level so we did not take sell.
Later, It made a new high at 151 levels & currently trading at 149- Traders who hold long positions should now be looking 150-151 as extremely important zone & holding below this zone we can look for 138-139 Target zone & below 138 -continues downside.
Note--- Avoid selling, if the stock moves above 150 as caution.
Trade active:
10:40 Hrs / 5th June 2020
Last Price @ 149.50
Risky Traders Sell Call - Strict Stops above 151 (Cash Data)
Downside
Target 1 - 138-139 Zone
Target 2 - 115-120 Zone
Note - If the stock moves below 115 ----------- It would indicate that 151 was the top & the whole sequence would turn into a correct bounce from the lows of 85 bottom
That means going below 115 & holding that level as resistance in coming days would suggest that this stock could even hit 102 lows & below 100 -It can challenge 85 lows & break that low as well.
Thanks
Last Price @ 149.50
Risky Traders Sell Call - Strict Stops above 151 (Cash Data)
Downside
Target 1 - 138-139 Zone
Target 2 - 115-120 Zone
Note - If the stock moves below 115 ----------- It would indicate that 151 was the top & the whole sequence would turn into a correct bounce from the lows of 85 bottom
That means going below 115 & holding that level as resistance in coming days would suggest that this stock could even hit 102 lows & below 100 -It can challenge 85 lows & break that low as well.
Thanks
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Last Price @ 200
Stock -ITC
From Last Idea Photo / Snapshot - 205 was the top & it went in repeated up-down fashion touching 195-196 zone yesterday which was key zone & bounced back to 200-202 back.
If ITC starts falling below 200 - You should keep a watch from trading point of view for 195 / 190/186 (Strictly below 200) as another selling candidate.
Thanks