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--------------------------------------------------------------------------------------------------------------- Targets Upside (Strictly Holding 170's) 176 179 180-182 Above 182-185 - No Trade Zone
If Stops in 180-182 ( Strict Stops above 183)-------------Target Downside 179 / 176 / 170 / Below 170 - 158-160
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Comment
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05:08 Hrs / 5th May 2020
Nifty Update (Comment)
Benchmark Index as suggested last week selling below 9850 from "Bearish Deep crab Pattern" which had upper extension of 362 % Fall was very much expected.
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What Next ? Strictly, If Index Nifty holds above 9300 - we can expect an upside push for 9500 / 9650 / 9780
Always use trailing stop method to manage your risk better.
Trade active
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09:23 Hrs / 5th May 2020
Last Price @ 175.90
Day High (so far) - 177.45
Target 1 done at 176-------- Next Target Only Above 177.50 or if holds below 176 then re- attempt of 170-172 zone is possible.
If 170 or close by levels hold then upside push again for 176 / 179 /181. Thanks
Trade active
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09:30 Hrs / 5th May 2020
Last Price - 176
Interim Update (Updated Plan) - As mentioned above -------Holding below 176 - Stock can do re-attempt of 170-172 zone This view is extremely risky as best buying was only between 170-172 & Best Selling will be close to 182 levels. Thanks
Comment
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New Status Update as of 11:50 Hrs / 5th May 2020 (Hope you got the update)
Stock Auropharma -
Last price @ 643
Last Trading at 652 ( At the time of the status update @ 11:50 Hrs /5th May 2020)
Zone 645-650 is critical zone - Going below 650 & Holding that level -Stock can slip to 600-605 & Below 600 for 525-535. This trading opportunity is not valid if stock moves above 650
Trade active
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14:41 Hrs / 5th May 2020
Last price @ 641
We book partial profits in Auropharma & close sell positions if stock holds above 640
Trade closed manually
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09:34 Hrs / 6th May 2020 -------
Status Update- ITC cracks cracks cracksssssssss below 170 reaching our target in fast & furious mode - what a fall below 170 to 160.55- Bravo!!! ----------------------------------------------------------------------------------------------
Last price - 164 / 09:35 Hrs / 6th May 2020
Index moved below 170-172 which was key zone suggested any fall below 170-172 - ITC slips to 158-62 zone which is strong support zone
Any updates on ITC?? Following your todays status update, I went long in Futures at 163. Still holding the position with 157 stoploss.. should I carry forward it or square it with loss?
WaveTalks
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@invest_shares, Long was suggested last week in 157-158 not at 163 Please check.
invest_shares
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@AbhishekHSinghCMT, I agree with you.. I entered late at 163 but still looking for targets of 170-172.. are those targets still valid??
WaveTalks
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@invest_shares, See. 157 is an important level _ I would not suggest any long positions if goes below 157 -Holding that 157 -Yes you can take long for 162.50 / Above 162.50 for 165/170-172/above 172 for 176
invest_shares
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@AbhishekHSinghCMT, thanks a ton for quick response... I will carry forward the position with strict stoploss of 157.. I greatly appreciate your promptness and your analysis.. thanks again :)
WaveTalks
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@invest_shares, Have published latest idea on ITC just now
invest_shares
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@AbhishekHSinghCMT, thanks for the update... hopefully it turn out to be a good birthday gift for me :)
ikumar
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Sir I am following both yours and Jay_Shree's analysis.
I am noticing contractions in predictions in same scrip.
I think she has given more correct analysis lately. Please refer her analysis before posting. This will save viewers from unnecessary losses.
I hope you won't mind my post and will understand my point.