IOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should...
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel .
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't...
AUROBINDO PHARMACEUTICALS WAS FACING RESISTANCE OF THE TREND-LINE ON MONTHLY TIME FRAME
NOW IT BROKE THE TREND-LINE AND SUSTAINING ABOVE IT HAS CONFIRMED BREAKOUT
ONE CAN EXPEXT THE TARGETS MENTION ON THE CHART IN 1-3 YRS
(For Learning Purpose)
Currently trading in Wyckoff's Phase 1 (Accumulation)
Test of supply happened and price started to move up with expanding volume
We can clearly see volume expansion when price moves up and volume contraction when price moves down or trading in range
Price might move down to ₹40 - ₹42 range before starting to move...
South Indian Bank, a Kerala based bank has seen precipitous fall in prices in the last couple if years. However the recent price action in the long term chart suggest that the momentum of the fall has reduced. One can also see a positive divergence in MACD. The prices are approaching a primary demand zone. For long term investors this 'accumulation zone' marked in...
HDFCBANK has shown small rejections at its weekly support trend line. If it moves upwards it can be traded for 1069, as 1069-1079 is area of strong monthly resistance.
If HDFCBANK falls below 1025 comfortably, it will retest 975.
So keep close watch and follow the strategy as follows:-
In case of upward move:
Intraday traders/Short term traders can...
Hello Traders, this one is positional trade strategy.
SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance.
If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280.
These levels are expected...
India Bulls Housing Finance looks good to me.
However, need to wait for the price to correct a bit and let touch the trendline and support zone.
If it holds and shows and reversal candlestick pattern, I will take long position in IBULHSGFIN with a Stop Loss at 120.
Maruti is expected to take a small pull back downwards till 5870. So Start taking positions from 5945-5920-5895-5870 (Start taking positions from higher price, so that you do not miss the chance of entry in case price shoots high suddenly). The Maruti is expected to touch 6420.
A very small percentage of your allocation can also be invested at current price around...
Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits.
This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their...
Buy/Entry : Trigger Price: 1672, Buy Price: 1688, Target Price: 1724, Stop Loss: 1770, (*Trailing stop loss with step of Rs 4)
Buy/Entry : Buy Price: 1668-1672, Targets: 1724-1761-1791. * Do not put stop losses here. If stock breaches 1665 and continue to move downwards do not panic. Next buy level is...
ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock.
Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once.
Entry point: 388, SL: 378, Target: 400 (Intraday),...