INTRADAY/SHORT TERM- NOTE DOWN THE PRICE LEVELS

٢٦ يناير ٢٠١٧

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.

٢٧ يناير ٢٠١٧

تم فتح الصفقة

CMP - 262.8

Grade 3 Resistance Reached.

٢٧ يناير ٢٠١٧

تم فتح الصفقة

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

٢٧ يناير ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

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

Cheers !!

١ فبراير ٢٠١٧

تم فتح الصفقة

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

١ فبراير ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

271.5 Reached, positional trade successful !
Cheers :D

١٠ فبراير ٢٠١٧

ملاحظة

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

١٢ فبراير ٢٠١٧

ملاحظة

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.