Showing posts with label gap down. Show all posts
Showing posts with label gap down. Show all posts

Saturday, January 29, 2011

RCOM - Lot size 2000 - Margin 61000

Buy RCOM @ CMP SL @ 122 - There is a Wolfewave + a GAP that neds to be filled.

Target 138-142

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

Indraprasta Gas (IGL) - Lot size - 1000 - Margin 55000

Buy IGL and trade the channel for 320.

breaking above 320 it can head up 330 / 350

SL @ the low 305

Wipro - Lot 500 - Margin 39000

Many gaps in Wipro - You can trade this channel.

It could be a potential WW as well - A very good bet!

Stop Loss 427 - 425  - Buy below CMP and at CMP for 465/470 / 500

Neyvelilig - Lot size 2000 - margin 47000

There is a GAP Down action in Neyveli and this gap needs to be filled. Thanks Bramesh for the lovely tip off :)

Looking at smaller WW's in this counter it could possibly head to 123 or trade within this channel.

Use monday's GAP down market action to enter a trade in this counter.

We will track this for development of wolfe waves as well - I'm including a label called "Track" to track future prospects of Wolfe Waves.