Harmonic trading patterns: IDFC R Power and Wock Pharma

By | May 16, 2016 7:12 am

IDFC

 IDFC

Positional/Swing Traders can use the below mentioned levels

Unable to close above 50 short term target 47/44

Intraday Traders can use the below mentioned levels

Buy above 50 Tgt 51,52 and 53 SL 49.5

Sell below 49 Tgt 48.2,47.3 and 46.4 SL 49.5

 

Wock Pharma

 Wockpharma

Positional/Swing Traders can use the below mentioned levels

Holding 932 Tgt 953/966/987

Intraday Traders can use the below mentioned levels

Buy above 938 Tgt 947,956 and 966 SL 933

Sell below 922 Tgt 912,900 and 888 SL 927

 

Rpower

R Power

Positional/Swing Traders can use the below mentioned levels

Close above 50 Tgt 52/54

Intraday Traders can use the below mentioned levels

Buy above 49.5 Tgt 50.1,51 and 51.6 SL 49.1

Sell below 48.5 Tgt 48,47.2 and 46 SL 49

 

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Performance sheet for Intraday and Positional is updated for April Month, Intraday Profit of 1.92 Lakh  and Positional Profit of 4.61 Lakh

http://tradingsystemperformance.blogspot.in/

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  • All prices relate to the NSE Spot/Cash Market
  • Calls are based on the previous trading day’s price activity.
  • Intraday 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.

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2 thoughts on “Harmonic trading patterns: IDFC R Power and Wock Pharma

  1. ankush

    For positional If the spot price has closed just 0.05 below the sell amount.. Is it good to take the sell position? E.g. idfc closed @ 49.95 (spot price) so can v consider that sell trade has be initiated? Just typing to understand and following patterns…

    Reply

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