How to plot a Wolfe Wave - Bullish Setup - Axisbank

Here is a good example of a good bullish setup

First Step - Look for a High (This will form Point 2 in a Bullish Setup

Second Step - Look for a Low This will form Point 3

Then look for Point 1 (previous Low should be higher than Point 3)

Third Step - Look for the next high - Should be lower than the previous high (Point 2) and this will be marked as point 4

Go Long @ point 5 (aproximately at the trendline extended @ 1 and 3 - Usually a false breakout where one can go long.

The best part - Once you have Point 4 - Short & - Go long at point 5

 Book profits when the price hits the extended trendline drawn from 1 to 4

 

 

 

 

Titan - Lot 125 - Margin 79000

Bullish gartley on Titan Tgts 3580 / 3700

SL 3460

PFC - Lot 1000 - Margin 44000

BUY PFC SL @ 252

Banknifty

Looks like Feb maybe up - Banknifty needs to test 10 K (psychological number) form a WW and then head up to 11 K. Lets track. Add shorts on Monday. 10 K is also the Sweetzone for the WW

SAIL - LOT 1000 - Margin 29000 (CMP 161)

Short Sail CMP 161 for - 155-153 - SL 165

Buy again 1t 155/153 for target of 175/180

Knowing in advance what will happen is the best thing ever :)

DRREDDY - Good find by Gaurav

Stop 1574

Polaris - Lot 2000 - Margin 66000

NTPC - Lot 1000 - Margin 31000

Educomp - CMP - 463- Lot size 500 - Margin 46000

Cummins - Lot 500 - Margin 58000

AUROPHARMA - Lot 250 - Margin 48000

Go long @ 1153 - SL 1146 - Tgt 1220

Andhrabank - Lot - 2000 - Margin 46000 - CMP 139

Go long for 143 & Short @ 143-45 or below 136 - Tgt 125 or lower

ALOKTEX - Lot 10000 - Margin - 56400

Buy Aloktex @ CMP - Tgt 27-27.5 - & Short again at 27-27.5 for 24

ABB - Lot - 250 - Margin 32000

Buy ABB SL 695 - Target on chart.

Dabur - Lot 2000 - Margin 30000

Go long in Dabur - SL 86  (CMP 93.75) - Target 110 - 112

Question from Desikan - Sintex - Lot 2000 - Margin 61000

This one has a good symmetry - Desikan went long @ 145.

On the hourly charts atleast one can buy with a SL @ 140 - Tgt 168

ABB - Lot - 250 - Margin 32000

Buy ABB at CMP for a target of 770-780

Price is currently in the Sweet zone. Buy on a reversal & keep your Stop just below the low.

POSTING A DAILY CHART AS WELL WITH BUY AREAS FROM A LONG TERM PERSPECTIVE

Grasim - Lot - 125 - Margin 48000

Buy Grasim on Monday for a target of 2350 / 2450 - Use your own SL's

SRTRANSFIN - Lot 500 - Margin - 66000

There is a bullish gartley pattern (AB=CD) & wolfe wave on SRTRANSFIN

Note the bullish divergences below.

Also, i've drawn out the sweet zone - this is the area where this stock needs to be bought.

There is an EPA & ETA

Agressive trade - Buy @ CMP SL 662

Target 830-40

Bharti Airtel - Lot 1000 - Margin 56000

WW on Bharti Airtel - Buy in the sweet zone between 320 & 310

There is alo a GAP which needs to be filled