Long ExideBroken channel may go to 226 and 232 levels after retracement as in charts . Buy when it retrace at 213
Retracement
KOTAKBANK again moving towards four digit...One of the best stock in banking sector for trading and also for portfolio permanent membership as per my reading about stock movement and managements future projection. Stock is in nice up trend which has started from 600 level. Stock is trading in a narrow range after breaking out of its three digit mark. After making its life time high stock price has retrace towards its support area and started moving in the direction of its major trend and recently breaking out of falling trend line.
This is for educational purpose only we are long in the stock from lower level.
The Mighty Elephant getting UP - As you see in the given chart -it appearing me to like an ELEPHANT is trying to getup with support of her Hinder legs by stretching her trunk up, Hence the MIGHTY Elephant - Since the Elephant will take time to get up once it sat/fell down, same goes with YESBANK.
Rest Mentioned in the charts
It's purely my view not an recommendation
GOLD (Comex) at Crucial level. The breaking of the level of 1240 suggested a down move till 1205/1210 levels based on retracements.
Now a fall below 1204 can open up target of 1185/90 on the downside. Upmoves will be corrective.
Nifty Correction Ahead Explained in the charts
Declaimer: its my view. strictly ,, not a recommendation
I feel -Vendanta had enough FALL - Time to RISE It will reach TG 1 & TG 2 Eventually , Rest Mentioned in the charts
Though it is strictly my view (not a recommendation)
Nifty : ABCD..ABCD..More of ABCD !Yep, ABCD's everywhere you go, repetitively thats why Kindergarten Admission confirmed & on lighter note some people maturity level is also upto KG levels only, trying to nag others & to pick up fight. Well, I'm supercool now, than ever :)
Expecting Bat formation on hourly, keeping in view of our 9k fill, this needs to fail, probably a small short covering can happen around ABCD completion zone in Nifty 9070's zone. But if Nifty gets in Bear mood today,it will turn ruthless & filling all the gaps to the down. Just My intuition that its not in mood today, Nifty will get ruthless on its own time & preferences.
So mostly, that retracement pullback will happen then a downside move to complete the bat pattern. Go down on time frames to find potential trade chances. You know friends, Most of time I won't give stops & targets, Learning on own is best tutor ever.
Buddy's, if you have counter views feel free to drop a line below, I would love to have healthy discussions, bcos knowledge sharing is best thing happened to human race.
For that one dear buddy who made futile attempt to nag with kindergarten sarcasm, Don't be so afraid of Me to oppose My views right in My post, I wud love to see you, Rightnow is the time bcos I'm supercool than ever :)
ATULAUTO- investment ideacurrent level looks weak demand zone .
So waiting for downtrendline break or test of 320 level.
buy near 320 level with sl 275..
Crompton Greaves LongI would go long the stock because
a. it made a bullish Doji Star 2 days ago at significant 50% retracement level.
b. Primary trend of small swings being supported by the trendline.
c. Last Bar is giving opportunity to enter at cheaper price so Stop Loss is affordable.
One can go long providing suitable Stop Loss and expecting the target double the risk provided.
Positional setup for niftyNifty ultimately turned down but still in consolidation zone.
If nifty test 8200 level then its very good positional trade.
Sl just 8150 with the target of 8300, 8500..
wealth creation stock fishing...Ready for second move.?
unfortunately i am not able to capture the first rally of this stock but i am not going to miss second one.
SL 60 build the proper position sizing in this stock as it move according as predicted.
SILVER$ - Potential Reversal AreaSilver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance
$17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
GodrejInd Short Setup!!GodrejInd is giving a Short Setup.. Stock gave a 5 wave decline from 542 to levels to 387 levels in Wave A and has since retraced backed to 78.6% fib. One can go short on the stock at current levels with stoploss just above 453 and Targets of around 380 and 350 wave Wave C. Details are on the chart.
Happy Trading!!
