Daily chart of Essar Oil - Buy above 126 or at 76 for targets of 160 (if price goes above 126) and targets of 220 if price goes to 76 or lower. This is from trading / investment perspective
Renko Chart shows resistance as well
Showing posts with label track. Show all posts
Showing posts with label track. Show all posts
Friday, March 18, 2011
Thursday, March 17, 2011
Monday, March 14, 2011
SBIN - Lot size 125 - Margin - 53680
One can go long here for 2630 - SL 2540 - Safe players can go long above 2650 for 2771 & 2830 (gartley tgts)
It's trading a Symmetrical Triangle
Below 2540 - We can trade for 2450 / 2385
It's trading a Symmetrical Triangle
Below 2540 - We can trade for 2450 / 2385
Sunday, March 13, 2011
Banknifty
One last final move up to 11366 / 274 / 150 to complete this gartley. Incidentilly this also will complete an ABCD pattern, and then down to possibly to 10500/10300. If we see a breakdown here we're headed to 9200/9400
In the hourly we're oversold so this bounce should start Monday go on for 4-5 days.
In the hourly we're oversold so this bounce should start Monday go on for 4-5 days.
BhusanStl - Lot 500 - Margin 36000
Another example of an ABCD bearish pattern along with a Wolfewave. One can initiate shorts @ 441 & 450 with Targets @ 384, 341 and lower
Friday, March 11, 2011
Friday, February 25, 2011
Thursday, February 24, 2011
Nifty
We should see some kind of support @ 5200 - Otherwise things are bad - Breaking below 5168 - Down to 4800/48900
Budget rally possibly can head up to 5650 - 5700 (dont miss this opportunity) - SL @ 5165 (previous low)
Risk 40 points - Reward 400+ points. Below 5165 go short - even if you loose 40 points you still have gain from 5165 to 4900/4800
Budget rally possibly can head up to 5650 - 5700 (dont miss this opportunity) - SL @ 5165 (previous low)
Risk 40 points - Reward 400+ points. Below 5165 go short - even if you loose 40 points you still have gain from 5165 to 4900/4800
Wednesday, February 23, 2011
Powergrid - Lot 2000 - Margin 32000
Here's Power Grid on a larget time frame
Buy above 100.35 for 108 - for now - Short with SL at 100.35 - tgt 96
Buy above 100.35 for 108 - for now - Short with SL at 100.35 - tgt 96
Nifty
One more update :)
The trendline joining the tops on this 5 min chart is broken indicating upsides upto 5540 (also a Gartley Pattern in Blue) Go long
The trendline joining the tops on this 5 min chart is broken indicating upsides upto 5540 (also a Gartley Pattern in Blue) Go long
Tuesday, February 22, 2011
Monday, February 21, 2011
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