Praveen believes that stock trading is more about discipline than all other aspects combined. He uses the elliott wave theory as a structure to base his trades. Through this continuing journey of over many years in equity/index trading he believes he
ROSE has been in a strong band of 42 -52 Lvls. Currently it is breaking out of the band and a long could be initiated @ 51.3 ( based on paid data ) with a SL @ 44 for a target of 67.5 . The reward / risk ratio is 2.2.
After the 4th wave correction in the daily charts, TESLA is on its first minor uptrend. A good trade would be to go long above the 3rd wave ( hourly ) with the 4th wave ( hourly ) as stoploss and 5th wave ( hourly ) target of 242.
After the previous up-trend from 42 to 90 Levels, SolarCity ( SCTY ) corrected to the 56 levels. It has now formed the first signs of an up-move and possibly an uptrend. A good trade would be to go long above 'c' ( based on elliotts ) in the hourly chart with 'b'( earliest exit and a possible indication that the ...