3L-R Identification Guidelines:
4 bars: The pattern is composed of four bars, three lows and a reversal bar.
Lower lows: Look for two consecutively lower lows (using 3 bars) on the daily chart. It doesn't matter what the
high prices of these ...
As on last three trading day Tata-stell loss almost 10% (525 to 480)
Now Greed ,emotion ,etc play a role
Price may tack support near it's fib zone
473 to 467 Zone
Also A Bullish Bat in Complete near this zone
Ajantapharma trade in good pattern
In long term It's break out triangle patterns which one suggest good buying entry
In other view bullish harmonic XABCD pattern final lag CD is on the way
& also AB=CD where CD lag on the way
All this level suggest that
One can look for Buy above 1190
For the 1st target of 1240-50 Zone
& 2nd target of 1295
With Stop loss of 1125
In recent CUB chart show AB lag
Simply identified chart pattern is AB=CD
So, as per this pattern our target is 235 to 237.
Stop loss is low of point C ....
Now as per my trading style
one can look for buy above 188 for target of
& Stop loss is 168 So Risk of 20 point for target of 49 point
Risk reward ratio 1:2.45
Also refer ...
Company info :
GMM Pfaudler's principal activity is the manufacture of corrosion resistant glasslined equipment used primarily in the chemical, pharmaceutical and allied industries. The Company also manufactures flouro-polymer products and other chemical process equipment such as agitated nutsche filters, filter dryers, wiped film evaporators and mixing ...
Wolf Wave Trading Strategy Rules:
The Wolf Waves rules will help you to identify this symmetrical chart pattern. You can apply the same rules for the bullish and bearish wolf waves. Without further ado, these are the wolf wave’s characteristics:
Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2.
Wave 1 and 2 equals Waves 3 and ...
As show in chart
Price react at support zone & bounce back in to previous impulse move
One can buy above 1136 For wave 3 conformation
for target of 1186(near 1st resistance zone )
beyound 1186 next zone 1270
than final zone 1330 ....