PFC,M&M and SBI Elliot wave Analysis

By | August 8, 2014

SBIN

Positional traders should look for 2450, close above it stock will move towards 2459,2529 and 2584.Closing below 2420 short term target 2351 and 2220

Intraday Traders can use below mentioned levels

Buy above 2455 Tgt 2478,2520,2557 and 2622 SL 2440

Sell below 2430 Tgt 2400,2351,2320 and 2272 SL 2440

SBI

 

M&M

1220 should be watched for M&M, closing below it short term target 1185.

Intraday Traders can use below mentioned levels

Buy above 1250 Tgt 1263,1277 and 1296 SL 1244

Sell below 1240 Tgt 1230,1212 and 1198 SL 1244

M&M

 

PFC

Close blow 266 stock is heading towards 254.

Intraday Traders can use below mentioned levels

Buy above 269 Tgt 270.5,274 and 279 SL 267

Sell below 265 Tgt 262,257 and 254 SL 267

PFC

 

 

 

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Performance sheet for Intraday and Positional is updated for July Month, Intraday Profit of 3.28 Lakh  and Positional Profit of 4.67 Lakh

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.

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