balaji_damo

balaji_damo

Risk 0.2% = 4000 Position size = 4000/115 = 35 Investment = 18200

balaji_damo Updated 

....Levels mentioned in the chart

balaji_damo Updated 

...Levels mentioned in the chart

balaji_damo Updated 

....Levels mentioned in the chart

balaji_damo Updated 

Crude has retraced almost 100% from previous bottom forming higher high and higher low. As per pitchfork it is trading within a channel respecting the boundaries. RSI and STOCH are in overbought region indicating a possible reversal. 55.2 is resistance line. Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.

balaji_damo Updated 

The stock is ultra bullish and retraced today in hourly chart. If it retraces to 23.5 @865 one can initiate short for a target of 850 to 840 with SL at 880. There is a news of it merging with Indusind bank. will have to see how it pans out.

balaji_damo

There is some approximation on the ratios(0.38 = 0.41, 2.618= 2.62). This is just for discussion.

balaji_damo

Just for discussion

balaji_damo

The stock has rallied and retraced back. It formed a bearish AB=CD pattern in Daily chart and it is consolidating. Breaking that box will be next move. I speculate it will break downside to 290. One can initiate short with SL at 303 or 306 for a target of 290.

balaji_damo

Just for Discussion

balaji_damo

Just for Discussion

balaji_damo Updated 

Just for Discussion

balaji_damo

Just for discussion