Where is the Bottom of the SBIN? - (daily & weekly)Hello! Friends,
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"" DAILY CHART ""
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correction wave -106 (100%)
impulsive wave -177(in contiuating)
--> LH and LL are confirmed after the impulsive waves. After completing the impulsive wave, the correction wave will start for first target 211 - 230 and 244-258 shortly. Impulsive wave more than 70% extended than correction wave which is great for next correction wave.
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"" WEEKLY CHART ""
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Fair value with the parallel channel,
an excess
gravitation line will attract the price shortly
A project of for a reversal but till not confirmed.
India
This is simply to draw your attention, ITC.This is simply to draw your attention , ITC.
Low - 134.85
CMP - 151
CMP - Low = + 16.15
Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup:
Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low.
The final target for a long run level 220 above, and easy target at 178 .
Technically, We will get a price of this stock again 135 nearby shortly to attract the eye for investors.
Investors,... "Look at me", said PVR.PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger )
REMARKABLE points are the following:
entertainment company
the primary trend is an uptrend.
up trend from 2013 to 2019 (in continuation)
retracement support @903 nearby with 38.2%
suppose, if you have seen 750 in price then fall will -64% fall from the top.
-----> Previous resistances and supports are following
Rs. 622
Rs. 750
Rs. 878
The main reason for the fall is Shut Dow n in India.
The quarterly result will be down(-ve) in profit because of the only shutdown.
The shutdown will release as per declared date 14 April 2020.
Conclusion: if shutdown will not extend , the stock will fire and the easy target will 1068 and 1268 . above 1345 stock can be bullish control.
Example of trade_setup(buy-in steps) :
Trade 1) -: Buy at @ 880 nearby
Trade 2) -: Buy 750 nearby
This is only an investment strategy and for only investors. Hold this position for 2months or 6mon ths.
(Hit: best buying after 9 APRIL 2020 suggestion)
Footsteps of APOLLO HOSPITALS and Rhythm.A parallel drawn support and resistance line. Remarkable point: this stock always been seen in a Rhythm . if Rhythm holds the same, then definitely Investors will take a step between 1038-1008. Final support is at 924 if breakdown 1000 below or closed.
The point to be marked: Whenever there is a change in normal / avg. volume , stock takes U-turn which is positive for long sider.
Suppose to investors take their step to enter in it, then normal target 1183 and 1249 nearby .
--> Before take an entry, you must look at the 30min chart. If possible I will update it shortly.
Trade setup with risk and reward rate on HUL.In the last update, I told you to short sell this stock at 2221 and 2245 and the price was fallen up to 2102 (missed target 2083). Again we are seeing a bounce back in price 2270. Let me create a sample of trade setup for you:
Trade-in steps:
1st step to trade short side 2290 nearby
2nd short sell will be at 2315 nearby
Suppose achieve both trades, then stop-loss should be above 2340 above (which is so far). the first target is easy at 2195 nearby.
Another scenario: price fall below 2200 and closed below it with the heavy volume, then target 2143 and 2083 again
Risk and Reward rate is very high in this setup .
Complete head and should pattern on MINDA CORP.I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern :
Ref.
As per the downward channel, we can create a trade setup :
Risky Investors can buy at Rs. 47 first entry point
The next Entry point is Rs 47 or Rs. 33
NOTE: PERSONALLY I AVOID THIS STOCK FOR LONG BUT IF YOU HAVE PATIENCE THEN THE GIVEN LEVELS ARE BEST FOR INVETOSR.
Look here two scenario.Look here two scenarios,
1) rounded downside move toward the main channel OR
2) without breaking narrow channel with up side move with volume rising.
This is really confusing for trade so, still, avoid trading without any breakdown.
Target is still easy on ITC. Buyers attraction has been seen.There is still no change;
This is simply to draw your attention , ITC .
Low - 134.85
CMP - 151
CMP - Low = + 16.15
Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup:
Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low.
The final target for a long run level 220 above, and easy target at 178.
Technically , We will get a price of this stock again 135 nearby shortly to attract the eye for investors.
Posted when the price was 150
Its time to put your eyes on this stock, HCLTECH.I am not going to write here everything but you can ask in comment section if you have any query.
Let's take one look for the big picture.
Primary trend is up and strong.
On this stock, the timeCycle offers much accurate use.
As per the timeCycle , this is a perfect time short this stock 593.55 nearby. The price is trading at value high, this one is a good chance for the short sellers.