Trading
Tata Steel - Searching for Bottoms from 280-320Correction Stock is trading in 100's -have wrongly used 11000+ in the video (11000 is for Benchmark Index -Nifty)- should be taken as 1000+
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Trading Strategy
Possible dip below 320 can support at 280's -300 - getting dip & bouncing above psychological level of 300 shall be next clue for upside beyond 1000+
Plan A
Buying in 280-290 Strict stops below 280 for Target 400-410 & Above 400 for 510-520
Plan B
Buying above 520 for 645-650
Plan C
Buying above 650 for 750 & 1000+
Plan D
Buying from 280-300 if holds above 280 (should not move below 280) expect 1150-1200 as the explosive target upside which wave 3 distance -normally travels 161.8% of wave 1 -
Current case :
Wave ((1)) Distance = 748 - 188 = 560
161.8% of 560 points = 560 * 1.618 = 907 approx
Measuring 907 from yet to bottom Wave ((2)) which could be 320 or close to 280 downside so ... (907 + approx 280/320 = 1150 to 1200 zone) which gives upside objective of 1150-1200 target mentioned in Plan D above- which is minimum Wave 3 Distance it can travel next as per the books.
Thanks for watching the video & your support.
Nifty - The Culmination Point for 13500-14000Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Buy Above 11362 – Target: 11550-11580
Plan B
Buy Above 11620 – Target: 11690-11710 / Buy above 11710 – Target: 11980-12000 & Above 12000-Target: 12100
Plan C
Sell in 11550-11580 if holds below 11620 for downside Target 1: 11350-11360, Target 2: 11080-11100,
Target 3: Below 11080 – 10950-10975 Target 4: Below 10950- 10750-10800.
Plan D
Buy Above 12105 – Target : 13500-14000
Plan E
Buy in 10725-10750 Holding above 10670 for target : 11650-11700 / target: 13500-14000
Last Ideas
Budget 2019 - Careful at 11975
Is 11461 -Bottoms -The Accumulation Wedge
Head & Shoulder Pattern - How I cracked 11141 to 10665
E-wave or Extradition Bill(HongKong) - Is it too late
E-wave shock at 11085 for 10750
