ITC has tested 310 Levels several times and it has acted as a strong supply zone. The price then fall down and it is nearing the demand zone again. I expect the price this time to break the resistance level 310 and we can set the target price @320. Stop loss @ 260.
The blue area indicates the weekly demand and supply zone whereas the green area indicates the daily demand and supply zone. As we can see the prices went up with less volume but when it came down, the volume increased. So there is a shot bias.
All idea is depended on Wave structure. An expanding wedge is a part of a flat in this case and it is completed or about to be complete. But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
LT add around 1180 to 1220 and hold it target : 1400 1500 1550 If Break 1400 level then LT ready to drive 1440 1500 1550 time hold next 2 to 3 month
First target 10700 if wont sustain it back to test 10200 to 10100 levels if break 10700 level then very fast reach at 11200 and again back to pavilion 10000 and more downside possible if reject from 11200
INTRA-DAY SHORT IN JSW STEEL OCT FUTURES SHORT@351.5 STOP@355 TARGET@346.5 LOT:3000 QTY:1
STBT IN DABUR OCTOBER FUTURES RESISTANCE STRONG @428 SHORT@420 STOP@426 TARGET@405 LOT:2500 QTY:1
SHORT TRADE IN GAIL SEPT FUTURES SHORT@390 STOP@392.5 TARGET@386 LOT:2667 QTY:1
Intraday buy above 2645 upside 2700 2720 with suppoer 2620 2625
STBT IN DABUR SEPTEMBER FUTURES RESISTANCE STRONG @468 SHORT@460 STOP@468 TARGET@446 LOT:2500 QTY:1
Rejected from DSZ, with shooting star Once below below 1350, rejection from WSZ will be confirmed. Trade details on chart, Disclaimer: I am not responsible for your financial losses, consult you financial adviser before taking positions
STBT IN CANBK SEPTEMBER FUTURES SHORT@290.25 STOP@293.75 TARGET@277 LOT:2000 QTY:2
STBT IN TATA STEEL SEPTEMBER FUTURES SHORT@603 STOP@612.5 TARGET@587 LOT:1061 QTY:2