Harmonic Pattern: Adani,Bharat Forge and Federal Bank

By | August 20, 2014 7:13 am

Adani Ent

Unable to close above  503 stock is heading back to 466 odd levels.

Intraday Traders can use the below levels

Buy above 497 Tgt 503,507 and 513 SL 495

Sell below 490 Tgt 484,478 and 470 SL 495

Adani

 

Bharat Forge

bharat forge

Bharat Forge is forming a bearish ABCD pattern , Close below 754 stock is heading towards 740 and 726.

Intraday Traders can use the below levels

Buy above 770.5 Tgt 778,785 and 793 SL 765

Sell below 761 Tgt 756,746 and 732 SL 765

Federal Bank

Fedral Bank

Federal Bank forming bearish shark pattern,Unable to close above 123 stock will head back to 110.

 

Intraday Traders can use the below levels

Buy above 120.5 Tgt 121.7,123 and 125 SL 120

Sell below 118.5 Tgt 117.3,116 and 115 SL 120

 

 

Methodology to use to trade above Intraday and Positional Calls Click on this link

 

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.
Category: Harmonic Patterns

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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