Many times Market does not provides good and ideal entry points. Hence needs PITS for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before...
Analysis -
Wave count shows possible complete retracement of wave 3. The ideal retracement for a 3 is between 38.2% to 50%. 50 fib is at 400 Rs.
Long term past support in play. Note that this is a 2 weeks chart.
Past record of algo play; suggests buy at 50 fib (400) and sell at -23.6% and -61.8% algo targets.
Ideal buy range Between 400-420Rs.
Long...
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
In case it opens below our hard stop loss, AVOID
Dear All,
We are Suggesting Kajaria Ceramics as a BUY & Can take entry at 540 - 544 for a long position to an initial Target of 565-570.
if it Sustain at 560-570 levels 1-2 days then it definitely move towards 585-590 levels in May'2018 Series.
Why Kajaria Cermaics .....???
Reason: if you see it's last 2-3 Month Technical Chart, you found a very Strong Support...
![KAJARIACER: [2BB][WEEKEND] KAJARIA AT LONG TERM SUPPORT](https://s3.tradingview.com/s/Sv8kx2BV_mid.png "[2BB][WEEKEND] KAJARIA AT LONG TERM SUPPORT")
