SWING TRADE IN SUPHARMA DEC FUT CAUTION TRADE IS GIVEN ON EXPECTATION OF SHORT COVERING BUY@420 STOP@410 TARGET@431 LOT:1100 QTY:1 IF BREAKS 431 AND HOLDS ABOVE 431 THEN TARGET IS 460
is wave 3 complete ! not sure . Just a week-end to ponder about
STBT IN SUNPHARMA DEC FUT SHORT@415 STOP@428 TARGET@400 QTY:1100
STILL LOOKING WEAK WITH POSSIBILITY OF TESTING LOWER SUPPORTS. COULD BE A GOOD SELL TRADE OPPORTUNITY.
I have used EMA and KAMA lines here. By using EMA line, I can get the better idea about price movement rather than using SMA && by using KAMA line I can avoid noise. here in this chart time frame is of 60 min, EMA(20) & KAMA(14,5,30). You can see here, whenever the EMA line crosses the KAMA line the trend changes. My recommendations here is to go long in SUN...
the stock looks to set for a rally of 12/15% in coming days , if continiously holds 490 on closing basis ! even a 20% move cannot be denied .
better to stay long on dip in the counter , looks set for a 50% or more upside ! in couple of months !