LT,Allabhad Bank and JP Associate Elliot Wave Analysis

Larsen and Tubro

Close below 1652 stock is heading towards 1597, Close above 1686 short term target comes at 1741

Buy above 1677 Tgt 1700,1720 and 1740 SL 1671

Sell below 1660 Tgt 1646,1619 and 1597 SL 1670

 

 

J P Associate

Close below  74 stock is heading towards 68 and 63.

Buy above 76.2 Tgt 78,79.8 and 82 SL 75

Sell below 73.6 Tgt 72.4,70 and 68 SL 75

Allabhad Bank

Buy above 133.3 Tgt 136,139 and 141 SL 131

Sell below 129 Tgt 126,123 and 120 SL 131

 

Performance sheet for Intraday and Positional is updated for May 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.