01 June 2014

LT - Short Term View

16th Aug


The pattern of this bounce looks more like a corrective up move and may last only till 1503. Watch this level carefully for shorting opportunity.



9th Aug

LT looks bottoming out neat 1437. A good opportunity for short term and medium term gains.






xxxxxxxxxxx


Opps.
Returns without bothering for full correction.
No short trade was as the stock opened with a GAP UP.


Wave 5 extensions running with phase 2 of Wave B towards end. 
The minimum target is ~1488 and may extend maximum upto 1471
Short till there. 

That zone is the ideal Long area for fairly good upmove taking it back to the top.
Stop below 1468.


30min

No comments: