the stock opened then probed in upward direction to see if any buyers will show interest. Once it was confirmed there was no buyers, the stock bolted towards bottom resulting in a trend day
Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Wave Analysis
Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300...
AFTER A CLEAR GAP UP AND STRONG CANDLE
IT CONSOLIDATED AND TOOK FIBO SUPPORT
AND AFTER BREKOUT ON EXTENSION STRATGY
IT GAVE PHENOMENAL ON CALL OPTION POSITION
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
The economic cycle is the fluctuation of the economy between periods of expansion (growth)...
For Educational Purpose
Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades.
...
hold for long term, as automobile industry shares are available at lower price now. try to grab at dips.
fresh buy at 69, 70, 71 levels.
Disclaimer note: ONly for study purpose, invest at your own risk.
This is weekly chart.
If sustains above 390 levels, buy with a target of :
T1 = 495
T2 = 520
T3 = 550
If sustains below 390 levels, sell with a target of :
T1 = 300
T2 = 270
T3 = 245
This is purely my analysis. I will use it for my education purpose too. I may be wrong. Not insisting anyone to buy or sell.
This is purely for educational and fun purposes. No buy sell recommendation is given.
This is a weekly chart.
If it sustains between green channel. Best buy would be at 3150 for the long term portfolio.
I don't know how but if it sustains within green channel then it will be at 3150 on 14th Feb 2022.
If fails to hold 3150, it will show levels of 2680, which seems...
This is just purely for study purpose. No recommendation as such.
Buy every time when it hits purple line for a target of upper channel of the triangle.
If broken purple line, sell for a target of lower channel of the triangle.
Video Idea Shall Have Quick Review
Hindalco
BankNifty
Nifty
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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....
