LARSEN AND TOURBO LONG ENTRY SETUPLong L&T above 4950. All important levels are marked on the charts. Very good trade setup. The entry point is very crucial. Entry has to be taken only after the BO of Bullish candle with strict SL. Now the stock is crossing the EMA levels of 200 as well as 50 EMA. if the stock can cross both these EMA levels this can become a 5-star trade setup with good risk to reward.
This is for your educational purpose only.
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AJMERA REALTY TO TAKE LONG ENTRYLong Ajmera Relaty to take long entry after the BO of Resistance area between 285-290 with the Target between 375-400 with the SL 250-255. stock is expected to cross 50 EMA as well as near the BO level. RSI is above 60 levels in the long-term chart monthly as well as weekly. so keep the stock in your watch list. This is for your education purpose only.
Equitas holding to take long entryLong Equitas share above the BO of Cup & handle pattern formation. Long Above 93 with SL of 89.50 for the target price of 101-105. Can trail SL once stock crosses the 100 benchmarks. All important levels are marked on the charts. This is for your educational purpose only.
Apollo hospital for long entry.Long Apollo hospital by end of today session entry taken around 5 min before closing the session only if stock trading above the marked resistance zone. Also on the monthly chart, the bullish engulfing candle has been seen. RSI near the 55-60 levels. All important levels are marked on the charts. This is for your educational purpose only.
Asian paint to take long entryAfter continuous falling today on the hourly chart we have seen a bullish Engulfing candle at the support level. This indicates a high probability that stock can turn up from the current level. long entry can be taken @ 3012 for the next 100-150 points. SL can be placed below the support level. This is for your educational purpose only.
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On daily chart give falling wedge BO
and now trading at weekly resistance level
Buy above 33 for short term targets of 34.5 to 36
Partial booking at 34.5 levels; but if sustain above 36 then add further for 5-8%
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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Cipla Share to take long entryExpecting a sharp recovery in Cipla stock. RSI in V form can be seen on daily charts & Re-test can be seen at support level on weekly candles. Good risk to reward ratio. Long entry can be taken above the level of 980 for the target price of 1070 with SL of 945. This is for your educational purpose only.
SYNGENE: TRIANGULAR WAVETRADING STRATEGY: BUY WITH SL OF 600 AND LOOK FOR THE TARGET OF 720/780/845 . Minimum 12% return from cmp in coming weeks.
THEORY:
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-e to get the target of this pattern. However, the measured length can be projected from the breakout level also to get the classical chart pattern (symmetrical triangle) measured target.
Long Whirlpool Long Whirlpool Above @ level 2300 SL 2380-2375 Target level 2405-2415 . Can trail SL too . Bullish Engulfing candle has been seen on daily chart & closing at the higher point of resistance. Wait for the good entry after the BO level. RSI forming V shape above 60. Good risk to reward trade. This is for your educational purpose only.