Buy above 185 with the stoploss of 183.5. Targets are 186.5, 187.5 and 189. Sell below 183.5 with the stoploss of 185. Targets are 182, 181 and 179. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to...
TORNTPOWER: @ 187.10
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Detail of POSITIVE Divergence along with Indicator Value , Start & End Date:
Divergence Start Date Close I_Value End Date Close I_Value
RSI +VE 13/06/2017 183.45 30.94 19/06/2017 181.55 31.42
OBV +VE 13/06/2017 183.45 3.187E8...
I think institutional have over run the retrace level of Fibonacci @ 61.8% and have pushed all the buyers in to sellers after braking the levels
Now possible set up is 78.6% of Fibonacci level along with Bullish engulfing candle pattern
I am looking to go long at 181 with stop 177 For target of 207 as 1st target
Regards
One can look the Rising trend line of Stock have Made the Journey
Today the stock made another low again , I am looking to enter Near 179 with stop of 174 for further Up ward momentum
This stock will reach 300 with in 6 Months
Regards
Outlook :
The stock has been consolidating in a range of Rs 241-210 from March 2017 till date and seen constructing a higher troughs & lower peaks forming a pattern “Symmetrical triangle” (red converging lines), which is considered to be indecisive in nature.
The said pattern generally regarded as a period of consolidation before the price moves beyond one of the...
TORNTPOWER: LTP @ 202.6
TORNTPOWER Reversal or Crash.
Approaching Towards 200SMA Support (Crucial) @ 191.5
10 SMA Touched 50 SMA. (Vale mentioned in The Chart)
GAP between 10 WMA & 10 SMA Max. in last 1 year (i.e. 2.8241), Effect "Possible U-Turn" .
Conclusion: Probability of LONG.
BEST Level for LONG: Between @ 200.00 to @ 196.00
TGT: Mentioned in...
Buy above 223 with the stoploss of 220. Targets are 225 and 227.
Sell below 220 with the stoploss of 223. Targets are 217, 215 and 212.
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 4th May 2017 only.
Analysis is based on Dow tenet "Lines indicate movement" and RSI.
Today;'s close will determine the moves potential.
Its just with simple elliot counts & its not foolproof
Check at your end before taking the trade and I'm not sure about whether the correction will pan out same way or variations will happen but its Daily candles so you need patience, its not like My Nifty & Banknifty posts which happens within a day or two...
Buy above 231 with the stoploss of 229. Targets are 234, 237 and 239.
Sell below 229 with the stoploss of 231. Targets are 227 and 225.
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 26th April 2017 only.
Analysis is based on flag break out.
Torrent power is forming rounding bottom in daily/weekly chart. The level 245 - 252 will be crucial as the price action will try to break the resistance. Jan 19th daily candle with high volume indicates investors have accumulated the stock around 190 - 195 level. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the...
