Trade setup is mentioned on the chart. ADD position when confirmation is received.
Stop loss is wave C high. Target is open.
Divis Lab. Short 1650. Wait For Reversal Candle on Daily Chart
Currently in the last leg of wave B, waiting for 1580 from current levels and from there 1650. Will go short after it gives reversal candle on daily chart.
Even on my worst count Bank Nifty is still in corrective wave 4 and 5th leg of the impulse is due. Its difficult to time market but we can learn a few things from previous corrections( so expecting sideways action till Feb). Whether Modi comes to power or congress, this roller coaster is going up.
Similar to BNF. MARKET IN WAVE 4 EXPECTING A TRIANGULAR WAVE 4.
SL is previous low. Target is open.
STOPS AT 366. TARGET IS TRAILING SL BASIS.
SL is mentioned. Target will be based on trailing sl.
SL AND TARGET ARE MENTIONED ON THE CHART.
SL IS 4.0
DLF can be seen finishing an impulse here. STOP LOSS is 183. Target is 161 and further.
SL is mentioned if you buy right now or wait till it breaks the adjacent high. risk reward will change by a wide margin if you buy later. Target is 1150,1200 and 1250
SHORT AT 1362. SL 1392.
MRF HAS GIVEN A VERY GOOD BOUNCE FROM THE DEMAND ZONE. IDEA IS TO START SMALL AND KEEP BUILDING POSITION AND TRAILING STOP LOSS.
BUY IF BREAKS PREVIOUS HIGH AND KEEP 885 AS SL. WAVE IS EXTENDED. WAVE C IS UNCLEAR RIGHT NOW. WILL UPDATE IF THINGS CLEAR OUT.