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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
------------------------------------------------------------------------------------------------------------------------- Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
Trade active
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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 -------------------------------------------------------------------------------------------------- Trading Plan for 5th June 2020 ------------------------------------------------------------------------------------------------ Bearish Bat Harmonic Structure
------------------------------------------------------------------------------------------- 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
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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.
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
Comment
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12:06 Hrs / 5th June 2020
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.
@AbhishekHSinghCMT , its great move in hindalco for the day, thank you for that. I am amazed with the ideas you publish that too with pin point figures. I always have a doubt about technical or fundamentals, because Indigo posted loss for this quarter but despite of that it reached 10% upper circuit for 2 consecutive days. my question is, did this move hinted in technical study ?
Also you had said about books related to CMT, can you please mention those books.
Goutam5196
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Your analysis is just superb 👌 👏 👍
abhijeetraghuraman
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Hi Abhishek, what time frame is this?
WaveTalks
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@abhijeetraghuraman, On the left side top of the chart -above chart frame- you see stock name- "Hindalco" --- next -- all time frames. If you closely watch - "M" is highlighted which is Monthly time frame taken.
abhijeetraghuraman
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@AbhishekHSinghCMT, thanks a lot for writing back! Yeah, I saw that I was not sure on which time frame it is on bearish bat harmonic pattern as it says 10 on the watermark and on the top left.
sandypreets
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Your ideas are crystal clear, great work@abhishekHsinghCMT
pk99133
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Superb analysis with Logical views.........Great SirJi..
ShareBaby
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@AbhishekHSinghCMT , its great move in hindalco for the yesterday, thank you for that. I am amazed with the ideas you publish that too with pin point figures. I always have a doubt about technical or fundamentals, because Indigo posted loss for this quarter but despite of that it reached 10% upper circuit for 2 consecutive days. my question is did this move hinted in technical study ?
Also once you had mentioned that you would be sharing books related to CMT, can you please share it with us? Thank you.
jaipands
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Hai,
I am not familiar with the chart but the way of your presentation regarding stock really very amazing and very useful those who are all follow the technique. Hence i had watched your chart video comments (Tata Steel and now Hindal co) it has gained the confidence with me very lot.
Also you had said about books related to CMT, can you please mention those books.