DHFL,ONGC and BHEL Harmonic Analysis

By | July 10, 2015

DHFL

DHFL

Positional/Swing Traders can use the below mentioned levels

Holding 432 stock can bounce to 450/466.

Intraday Traders can use the below mentioned levels

Buy above 436 Tgt 438,442 and 446 SL 432

Sell below 430 Tgt 425, 420  and 413 SL 433

BHEL

BHEL

Positional/Swing Traders can use the below mentioned levels

Close above 267 target 277 and 288

Intraday Traders can use the below mentioned levels

Buy above 266 Tgt 268,270 and 272 SL 264.3

Sell below 261 Tgt 258, 255  and 252 SL 263

ONGC

ONGC

Intraday Traders can use the below mentioned levels

Buy above 301 Tgt 303,305 and 308 SL 298.8

Sell below 297 Tgt 295.8, 292  and 288 SL 299

 

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Performance sheet for Intraday and Positional is updated for June Month, Intraday Profit of 1.97 Lakh  and Positional Profit of 1.93 Lakh

http://tradingsystemperformance.blogspot.in/

http://stockpositionaltrading.blogspot.in/

 

  • All prices relate to the NSE Spot/Cash Market
  • Calls are based on the previous trading day’s price activity.
  • Intraday 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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2 thoughts on “DHFL,ONGC and BHEL Harmonic Analysis

  1. Bramesh Post author

    yes ur understanding is correct.

  2. Tarun_ghosh

    Today’s long trade on ONGC was the test of the rule to avoid a trade if open=high , it was @ 301.80… the trade then retraces to provide the ideal entry @ 301, but would ve been eventually stopped out…. i think the ideal price to have taken the longs would have been @ a price higher than open, > 301.80. Would you agree ?
    Off course the shorts made T2.

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