getting my feet wet for the first time

#1
introduction
till now i have been a full time forex trader , i had avoided stock markets entirely mainly due to lack of knowledge , i did try once and the result terrified me lol.

why this thread
here i will start with one scrip at a time and post my analysis and actual trade on that scrip ( ofcourse its on moneybhai so far ) but will go live once i have gained confidence

i am requesting expert comments from time to time if my analysis goes wrong

my first trade
i bought cipla at 555.309 , holding it

it broke resistance at 564.85 , waiting for it to break previous support at 570

if that breaks then its a run to next resistance at 600.50 where i wish to book it
 

padiyaraa

Well-Known Member
#2
introduction
till now i have been a full time.........

my first trade
i bought cipla at 555.309 , holding it

it broke resistance at 564.85 , waiting for it to break previous support at 570

if that breaks then its a run to next resistance at 600.50 where i wish to book it
FRI 20161125
Cipla: 563.35
In the weekly chart,there is a possibility
of harmonic pattern crab, if that turn out
to be true,cipla can go up to 927 level
before it come to any major reversal.
Remember that,this is a weekly chart,
time shall not be scaled, it can even prolong
further,& market ups & downs will bring many
minor resistance and supports in the mean while,
stay invested as long as price is above 34 EMA.


 

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