Long Term Strategy-
We shall be looking for in 6-8 months, which falls exactly in the zone of 145-147 & could act as an important zone in the future.
Short Term Strategy-
If in coming sessions it moves in the zone 193-195 & starts falling back below 192-190 zone that could be looked as selling opportunity keeping stops of recent high & targets below 185-187 zone.
You would love to read my previous updates
Hindalco 2016 Diary- Blessed with at 147- includes all nested analysis
Nested Analysis- All previous analysis included in 2016 Diary.
Thanks & Have a nice weekend.
Moving above 197 -likely it can attempt to touch 200-202 again - we want see how it moves beyond 200 -202 zones
As per short term strategy -The zone of 185-187 was touched on 27th March2017. On upside it is getting strong resistance between 200-202 zone.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
You are trying to suggest a call with 100% profit & no risk at all- If that is the case then I must salute you.
My style of trading -if you have not noticed then do read completely the strategy portion which I always discuss in the post- I never trade just because of emotions & catch a running train. I always trade with confirmation-which most of followers are aware. In this case if someone has taken short post going below 190 -he could or should have trailed his stops to cost price or entry price of selling which will make him win the trade & lose just brokerage. Also, Please do not get carried away with numbers -just writing 1-2-3-4-5 does not mean that you will go & sell everything so I always trade with confirmation. Lastly, Have you noticed one thing on the chart next to 5th wave- (Proposed) I have used "question mark" which always tell that it is a possible scenario.
Wish You A Happy Sunday & Happy Holi.