High Risk Trading Bet: Tirupati Tyre

By | September 19, 2016 6:29 am

We have started Discussing few small caps trading ideas based on the feedback received by blog readers.

As of now we have discussed 2 trading ideas

  1. Sybly Industries  — Sybly Did extremely good, Did most of our target, and as per last analysis holding 10.5 can bounce again till 14-15.
  2. NHC Food — It triggered the Stoploss of Rs 20, Again if the stock goes above 21 good up move can be expected.

Today we are discussing another Small cap Idea Tirupati Tyres TTIL, trye stock which has seen a good amount of Volume activity in past few trading session and was down 20% last trading session.

Stock is forming ABCD pattern and C leg can complete in the range of 35-36 range, if this range is held we can expect bounce back till 44/46/54 in next 2-3 months.  Traders should keep Strict SL of 33 as its lower range of this up move.

 

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The above  Stocks is not investment pick  as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.

Category: ABCD Harmonic Pattern

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

2 thoughts on “High Risk Trading Bet: Tirupati Tyre

  1. Manoj Kumar Hinduja

    Bramesh ji, i had recvd this stock from many tipsters/punters in last week, i think this is a trap to offload someone ‘s stake, better to avoid these type of stocks. You are brilliant in analysis of A Group stocks, so why to risk money in the above.

    Reply

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