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dravya
26 Th01 2017 16:32

INTRADAY/SHORT TERM- NOTE DOWN THE PRICE LEVELS Giá lên

STATE BK OF INDIANSE

Mô tả

Hi,
fellow traders,

here I have marked important price points which I suggest you mark and watch the stock.

I will list them down on 4 Grades, Grade 1 being the strongest and Grade 4 being the weakest.

Grade 1 Support - 257.4 , 254,3, 234.9
Grade 2 Support - NA
Grade 3 Support - 250.2, 243.75
Grade 4 Support - 252.9

Grade 1 Resistance - NA
Grade 2 Resistance - 265.4, 271.5
Grade 3 Resistance - 262.8
Grade 4 Resistance - 258.7


So, what to do ?

As of now,

Go long,

CMP : 258.6
Keeping Grade 1 Supports as SL , ( 257.4 , 254.3 )
and Grade 2 Resistance as Targets . ( 265.4 , 271.5 )

Why so ?

we are going long;
we have strong supports at 1 Rupee and 4 Rupees, below us.
we are targeting weaker resistance which is 7 Rupees and 13 Rupees, above us.


Rest, I'll be updating what to do as action unfolds.
You can follow me or star this idea to receive updates.
( I'll try to update real-time)

Thanks.


Giao dịch đang hoạt động

CMP - 262.8

Grade 3 Resistance Reached.

Giao dịch đang hoạt động

CMP - 264 . Next Target - Grade 2 Resistance : Book majority of profits if it reaches 265.4 .

Đóng lệnh: đạt mục tiêu

CMP - 266.1 . Grade 2 Resistance of 265.4 Target done for intraday. Positional can be held for target 271.5

Cheers !!

Giao dịch đang hoạt động

Very close to positional target. CMP - 270.8 . Be ready to book profits .

Đóng lệnh: đạt mục tiêu

271.5 Reached, positional trade successful !
Cheers :D

Bình luận

Clear resistance on the blue line. You can use these lines to trade whenever you want, always comes in handy.

Bình luận

Don't think of holding for long term investment. You'll surely get another cheaper entry within 6 months after exiting now. ( for investors, not traders) .
Should definitely book part profits, I'd say 60% at least. Thanks.
Bình luận
AMBRISH
Thanks,
dravya
@AMBRISH, you're welcome!
AMBRISH
congrats, What is next move in SBIN?
dravya
@AMBRISH, don't know, not tracking it as of now.
AMBRISH
@dravya, Thanks, it seems it may touch 281 upper resistance line.
AMBRISH
Thanks,
dravya
@AMBRISH, You're welcome.
dravya
became too complicated to comprehend by others, refining charts from now on to make you understand better :)
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