Hindalco,CIPLA and Rel Capital Elliot Wave analysis

Hindalco

Positional traders should look for close below 177 for short term target of 165.

Intraday traders can use below levels to trade

Buy above 181 Tgt 183,185 and 189 SL 180

Sell below 176 Tgt 173,170 and 168 SL 179

 

 

CIPLA

Intraday traders can use below levels to trade

Buy above 443 Tgt 447,450 and 456 SL 440

Sell below 437 Tgt 435,429 and 425 SL 440

 

 

Rel Capital

555 needs to be watched for Rel capital, Unable to close above it stock is heading to 521 and 500 in short term.

Intraday traders can use below levels to trade

Buy above 555 Tgt 560,567 and 578 SL 552

Sell below 547 Tgt 544,539 and 530 SL 550

 

 

 

 

 

Performance sheet for Intraday and Positional is updated for July Month, Intraday Profit of 3.28 Lakh  and Positional Profit of 4.67 Lakh

http://tradingsystemperformance.blogspot.in/

http://positionalcallsperformance.blogspot.in/

 

• All prices relate to the NSE Spot
• Calls are based on the previous trading day’s price activity.
• The call is valid for the next trading session only unless otherwise mentioned.
• Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
• Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.