About meEngineer + MBA Finance; Strong Fundamentals but new to technical analysis. Every weekend,I study some new trading concepts and publish analysis: Price Action, Elliot Waves, Hidden Divergences & Fib Retracement (theme of this weekend). Harmonics next!
Positional Buy Idea: Buy above 129 with a 1 point Trailing SL or Sell 125PE (Sep)
Positional Sell : Sell below 124 - The stock has multiple supports at 122, 121, 120, 119 so trail SL. Alternatively sell 125 CE (Sep)
Safe Long-term Buy to Hold Idea: Accumulate near about of 120.
Alternatively sell October 120 PE.
Sell below 490 for 480, 475 with SL at 500
Below 475, it can head to 460s before reversing.
Things that can nullify the idea:
1. SEBI Small Cap / Mid Cap Ruling
2. Any investment news.
Positional Buy - Only Above 508 with SL at 500
Buy above 203.85 for 205, 207, 210 with SL at 202
Sell below 202 for 200, 198, 195 with SL at 203.85
Refer : 1. The Ranged Bet idea for validation on the S&R lines drawn
Refer : 2. Upar Jaane ka Raasta idea for Fib Levels for logic behind the targets