Glenmark,Petronet and BoB Elliot wave analysis

By | August 4, 2014

Bank Baroda

Bank Baroda

898 should be watched clsely, any close above it stock is heading towards 932 in short term.

Buy above 898 Tgt 910.920 and 932 SL 893

Sell below 890 Tgt 884,875 and 867 SL 893

Petronet

Petronet

Buy above 186 Tgt 188,191 and 195  SL 185

Sell below 182 Tgt 179,176 and 172 SL 185

Glenmark

glenmark

665 needs to be watched closely any close below it stock is heading towards 644/623.

Buy above 687 Tgt 694,700 and 709 SL 683

Sell below 676 Tgt 672,665 and 660 SL 680

 

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Performance sheet for Intraday and Positional is updated for July Month

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.

2 thoughts on “Glenmark,Petronet and BoB Elliot wave analysis

  1. Bramesh Post author

    Thanks for pointing it out. You are right, Will modify it.

    Rgds,
    Bramesh

  2. Murugan Anandam

    sir,
    for glenmark close below 665 heading towards 644/623 on a
    4-8-2014.but the stock not closed below 665 till now.but in positional perfomance sheet says sold at 665.& bought at 670 on 5-08-2014 ifself.

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