Hind Petro - Catching A Falling Knife-Is an Art or Magic!@300

13:06 Hrs 4th June 2018

Last Price -314

Every trader should read this book - by Nobel Prize Winner - Daniel Kahnemann - " Thinking, Fast & Slow" who was was intrigued by the knife-catching phenomenon

Over the years, I have realized that if you want to sustain in markets you should follow market gurus who have suggested one needs to think fast - I say you need to think super fast before anyone could even think fast & you will realize the magic in realtime & best part is if you can share it before it turns into reality which I could do it easily now through TradingView - amazing platform. Check at website bottom - hot it works.

The current stock- HPCL is a real example when it was suggested that 300 could be the bottom & we need to pick for targets 312 - 320 ( suggested in last update - Hind Petro - Oily Crab - Good for Health-Just Rs 295-297)
Last update

Review
Stock moved as expected from 300 lows & traveled to 312 & later 320 - High@319 as mentioned in Plan 2 - Last Update
Fall from 319-320 this morning@4th June 2018 was even fantastic as it hurried to 302 -303 levels (Plan 3 - Last Update "Buy only above 320 for 330 ) & holded 300 on downside- key level & jumped /bounced back to 314 levels

What Next?
Moving above 320 levels & holding above 320 - we shall look for 330 - above 330 for 348 -350 & above 350 for 375-380 zone.

Best Regards,

Trade active:

11:32 Hrs 11th June 2018

Good Morning!

Last Price@315

Be ready for the show - Holding above 314 - likely pushes upside for 320 -330 -350

Trade active:

11:37 Hrs 11th June 2018

Last Price@314.65

We will plan to buy either above 316 next or between 311-312 zone. Have patience.

Trade active:

13:37 Hrs 11th June 2018

Last Price@315

Turned from 315.60 - As updated above -buy only above 316 or in the zone 311- 312.

Trade active:

09:48 Hrs 12th June 2018

Last Price@316.70

Yesterday we plaanned to buy close to 311-312 zone - yesterday's low@313.20 - Opened gap up touched close to 320 highs@319.

Trade active:

11:03 Hrs 12th June 2018

Last price@314.65

320 was good resistance - smart trader will sell taking risk of 1 -2 points on upside

Trade active:

11:17 Hrs 12th June 2018

Last Price@315.50

Looking for reversal on upside from 314 -315 zone so if 314 is not broken intraday - it will jump upside & moving above 318 shall confirm - going above 320 -shall fly.

Trade active:

08:56 Hrs 13th June 2018

Last Price@316.90

Patience will always get paid - we picked between 314 -315 - suggested 314 should not break else we move out.

Will Oil Catch Fire...

Trade active:

09:32 Hrs 13th June 2018

Last price@317.50

Very simple observation - huge supply at 319-320 levels -every time it goes -it falls so don't force yourself & buy next only above 320 levels.

Trade active:

09:43 Hrs 13th June 2018

Last Price@316

Whoever is buying they are doing close to 314-315 levels as yesterday -holding 314 we will have intraday bullish bias & crossing 320 will open the lid

Going below 314 -obviously no buying

So, keeping stops below 314 -you get close to 314-315 you can buy or buy above 320 levels / selling close 319-320.

Move with the markets - you will be happy.

Trade active:

11:11 Hrs 13th June 2018

Last Price@312.25

We tried in at 314 -low was@314.05 for few mins but could not hold so we left.

Trade active:

11:20 Hrs 13th June 2018

Last Price@313

Falling since 319-320 - It is looking for support once we identify that support we will also jump in the oil train back.

Trade active:

11:55 Hrs 13th June 2018

Last Price@314.55

Oil has started forming a base - we are looking for upside here as well - looking for a proper place to enter.

Trade active:

12:41 Hrs 13th June 2018

Last Price@314

Do not leave this stock as this stock could catch fire anytime & have patience. If at all it fails to hold 309 then we will check again else we are open for 350+ target on upside & we shall review back again once it starts moving above 320 levels.

Trade active:

13:31 Hrs 13th June 2018

Last Price@314.90

Oil has started moving!

Trade active:

10:32 Hrs 18th June 2018

Good Morning!

Last Price@322.80

Patience always get paid----------- "Oil is on fire -don't forget to read the next update - do comment on the post"

Trade closed manually:

Thanks - Have a wonderful trading day.