TradingSutra

TradingSutra

Stock has broken the neckline of inverse head and shoulder pattern. one should go long with SL of 2600 & look for the target of 3000/3200

TradingSutra Updated 

Stock has broken the neckline of H&S pattern at 1680 & retested the neckline. One should go short with SL of 1680 & look for the target of 1540/1470

TradingSutra

Stock is moving in an impulsive manner. One should go long on cmp with SL of 3490 and look for the target zone of 4600 .

TradingSutra

Breaking out of the ending diagonal , Lupin is all set to resume its lager uptrend. For short term buy with SL of 895 & look for the target of 995-1000

TradingSutra

Following the 'rule' of wave theory , ''wave 4 should not enter into the territory of the wave 1" , stock has managed to keep its bullish outlook intact. moreover we have a HH HL formation on daily time frame which suggest that stock should move higher in wave 5 for new high in coming weeks. Buy on cmp add on dips keep SL of 390 & look for the target of 440-50 .

TradingSutra

After completing the expanded flat correction , stock is rising in an impulsive manner making a HH and HL on very immediate basis. Breaking above 502 will be a confirmation that the stock is ready to make new highs & reach to the target zone of 540/560.

TradingSutra

METAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also...

TradingSutra

GODREJ PROPERTIES: Formation of leading diagonal. Sustaining above 2117 , stock will move towards 2250/2300-20 ZONE . Go long above 2117 .

TradingSutra

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...

TradingSutra

A clear pattern formation & its confirmation. Stock has formed a Head and shoulder pattern with neckline around 17200. Stock has already given a breakout in the previous fall & now retested the neckline and falling again. One should go short on current level with SL of 17900 & look for the target of 16300/15300 and the measured target of 15000 level.

TradingSutra

Stock is moving in a parallel channel consisting of a horizontal range of 265-200. Trading Strategy : Buy above 265 keeping SL of 230 & look for the target of 300/315/350.

TradingSutra Updated 

nifty is forming a double three corrective pattern. Any bounce should be taken as selling opportunity . keeping SL of 18000 look for the target of 17000-16800

TradingSutra Updated 

Prices are moving up in an impulsive manner. One should buy on cmp or any dips, keeping SL of 114 look for the tgt of 117

TradingSutra

Stock is correcting in a three waves pattern ABC in which wave B has unfolded as a triangle. One should go short on current levels near 1160 , keepin SL of 1205 look for the target of 1100/1080-60

TradingSutra

As per the current structure the rise is in three waves , means its not a starting of an impulse. As per the current scenario one should go short near 3180-3200 with SL of 3310 & look for the target of 3050/2900/2780

TradingSutra

Voltas is falling in a corrective manner forming a Zig-zag corrective pattern. One should go short on any rise or on cmo with SL of 1240 & look for the target of 1150/1100/1050

TradingSutra

Stock is correcting into an expanded flat correction. One should go short on cmp or any rise , keeping SL of 512 , look for the target of 467-465

TradingSutra

the current price structure suggests that stock is going into a correction as a ZIGZAG pattern. One should sell on cmp or any rise , keeping a SL of 2490 look for the target of 2340/2280/2240