RECOMMENDATION - BUY AT CMP
TARGET-665, TIME-T+4 DAYS, STOP-572
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Rationale-
The stock has been consolidating ever since it broke out a long term downward sloping trendline in early september. In the process it corrected 38.20% approximately. The volumes spiked up today accompanying a handsome price rise. This signals the strong possibility of resumption of the uptrend.
Today's upmove marks the beginning of wave 3 of 3 (provided that the level of 572 is not violated). Since wave 1 was relatively weak, a very sharp rise may be possible in the current wave.
Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.
Jindal drilling failed. SL triggered.
ReplyDeleteHuge loss.
hmm.. ya the call failed
ReplyDeleteAfter we recommended it at 608, the stock went to 630 odd... however could not sustain.
I would suggest that you buy TATA ELXSI at cmp of 291 with strict stop of 272 - you will recover most of your loss.
I would also advise you to upgrade to wave pro for superior results - since all calls cannot be posted on website. - cost works out to only rs 100 per recommendation (minimum 1500 needs to be paid).
Best,
Trade with Waves