Techm - Lot 500 - Margin 67000

Taking support @ that trendline heading for 800+?

Tatapower - lot 250 - Margin 47000

Buy above 1254 for 1330 (SL 1224)

Short below 1180 for 1080

Indusindbk - Lot 1000 - margin 40000

CMP - 244 - Daily in overbought - most likely headed down

Long above 254 - Short below 237

Long Tgt - 290

Short Tgt - 180

Essaroil - Lot 2000 - Margin - 42600

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

ambujacem - lot 2000 - margin 37000

Goodbye Ambuja

Apollo Tyre - Lot - 4000 - Margin 39000

Update on this one - A nice breakout at the trendline - Entered short here @ 70.50

Expected targets 60 / 54 / 45

Techm - Lot 500 - Margin 67000

One can buy for short term - CMP 733 - SL 709 Tgt - 835/840

SESAGOA - Lot size 1000 - Margin 53250

This is an investment pick - one can buy with a SL @ 255

Weekly WW on Sesagoa tgt - 400-440 +

Areva - Lot 1000 - Margin 47000

Bullish ABCD - also looks like a WW - go long with a SL @ 243.80 and target of 270 / 300 / 315

ALKBK - Lot 1000 - Margin 32000

Go long for a target of 209-211 / 216/219 - SL 194.

Possible reversals will occur at 209-211

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.

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

Nifty

I've been looking at this chart and wondering what's developing.

Putting forward my thoughts here - While the wait gets longer the fall gets steeper. So for now it seems like the market is in limbo.

There is a potential gartley with targets @ 127%, 161% and 188% (5600, 5650, 5700) - You can go long here with a SL @ 5402.

There are smaller bearish WW's which can take this market down to 5300. So trade with a small SL - 5445 (risk 40 points)

Reward 100, 150 & 200 points.

After which targets for this Gartley would be 5330, 5250, 5170, 4975

The larget WW would take this down to 4750 in April - May

Cairn - Lot 1000 - Margin 52000

Shorted Cairn @ 360 - Position targets 320 / 290

Nifty

Short for 5320 - 5300 - Holding shorts from 5600

Apollo Tyre - Lot - 4000 - Margin 39000

Short Apollo Tyre for a target of 60 / 54 / 47 / 44

SBIN - Lot size 125 - Margin - 53680

Short SBIN for T1 2610 & T2 2520

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

 

 

 

 

How to plot a Wolfe Wave - Bearish Setup - MPHASIS

A PERFECT EXAMPLE OF A PLANNED TRADE

Everything known much before it happens!!

First Step - Look for a Low (This will form Point 2 in a Bearish Setup

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

Then look for Point 1 (previous high should be lower than Point 3)

Third Step - Look for the next low - Should be higher than the previous low and this will be point 4

Go short @ point 5 (aproximately at the trendline extended @ 1 and 3 - Usually a false breakout that needs to be shorted.

The best part - Once you have Point 3 - Short at point 3 - Go long at point 4 - Short at Point 5

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

ONGC - Lot - 250 - Margin - 44198

Buy @ CMP 265 - SL 261 - Target 280 - Buy above channel breakout as well