INTRADAY/SHORT TERM- NOTE DOWN THE PRICE LEVELS

26 janv. 2017

Hi,
fellow traders,

here I have marked important price points which I suggest you mark and watch the stock.

I will list them down on 4 Grades, Grade 1 being the strongest and Grade 4 being the weakest.

Grade 1 Support - 257.4 , 254,3, 234.9
Grade 2 Support - NA
Grade 3 Support - 250.2, 243.75
Grade 4 Support - 252.9

Grade 1 Resistance - NA
Grade 2 Resistance - 265.4, 271.5
Grade 3 Resistance - 262.8
Grade 4 Resistance - 258.7


So, what to do ?

As of now,

Go long,

CMP : 258.6
Keeping Grade 1 Supports as SL , ( 257.4 , 254.3 )
and Grade 2 Resistance as Targets . ( 265.4 , 271.5 )

Why so ?

we are going long;
we have strong supports at 1 Rupee and 4 Rupees, below us.
we are targeting weaker resistance which is 7 Rupees and 13 Rupees, above us.


Rest, I'll be updating what to do as action unfolds.
You can follow me or star this idea to receive updates.
( I'll try to update real-time)

Thanks.

27 janv. 2017

Transaction en cours

CMP - 262.8

Grade 3 Resistance Reached.

27 janv. 2017

Transaction en cours

CMP - 264 . Next Target - Grade 2 Resistance : Book majority of profits if it reaches 265.4 .

27 janv. 2017

Trade fermée: cible de profit atteinte

CMP - 266.1 . Grade 2 Resistance of 265.4 Target done for intraday. Positional can be held for target 271.5

Cheers !!

1 févr. 2017

Transaction en cours

Very close to positional target. CMP - 270.8 . Be ready to book profits .

1 févr. 2017

Trade fermée: cible de profit atteinte

271.5 Reached, positional trade successful !
Cheers :D

10 févr. 2017

Note

Clear resistance on the blue line. You can use these lines to trade whenever you want, always comes in handy.

12 févr. 2017

Note

Don't think of holding for long term investment. You'll surely get another cheaper entry within 6 months after exiting now. ( for investors, not traders) .
Should definitely book part profits, I'd say 60% at least. Thanks.