Positional Trading based on 4 hourly charts.

[ashish2010]

APOLLOTYRE, Bought 175 CE at 6. Target = 10-12.

Exited in loss

 

[ashish2010]

JUBILANT FOODWORKS, Bounce toh banta hai boss..
bought august future at 1122..

Exited at 1160. :clapping::clapping:

 

[ashish2010]

BPCL update, possible triangle breakout. Holding longs in anticipation of breakout.

Exited at 632. :clapping::clapping:

 

[praveen taneja]

Ashish bro I am trapped in IOB since 80.80 cmp is 65 can you check and tell what is level best for avging????

 

[saivenkat]

Ashish bro I am trapped in IOB since 80.80 cmp is 65 can you check and tell what is level best for avging????

Sorry pt bro.. to butt in.. if not the bank nifty makes another round of short sprint in few days.. then next round of stop for IOB is around 52-55 zone.. only..

Aapka Kotak securities ne sakhi analysis nikala....

 

[ashish2010]

Ashish bro I am trapped in IOB since 80.80 cmp is 65 can you check and tell what is level best for avging????

PT Bro, I don't think now is the time for averaging. I am expecting a healthy correction before Diwali and maybe you can average it once a healthy correction is over to reap benefits.
Fully agreed with saivenkat views.

 

[ashish2010]

COLPAL, ready to touch 38.2% levels..

 

[ashish2010]

VOLTAS, shorted with 1st target = 226 and 2nd target = 220.

 

[ashish2010]

GLENMARK. Took short positions at 723. Looking for 700 levels.

 

[kainiteh]

Hi ashish,
I am interested in Fib retracement and I am doing positional trading.Finding pattern in weekly chart and executing in day chart. if you interest please try Fib retracement with Fib advance projection in Elliot waves and ABC, it is very effective.
But you are good and you can identify handful of trades... keep it up
Keep going and happy trading
- Karthick