MRPL - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Refineries
my eyes on this one i have both type of view on mrpl trading as well as investment
trading view = buy target 62/65 stoploss 55.50
but i will invest in mrpl in sip mode
i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not
some key stats for mrpl
mcap to sales = 0.09
price to cash flow =. 2.13
price to sales =. 0.09
pitroski score =. 9
price to earning=. 0.093
growth
loss in last two quaterly results highly fluctuating results net profit shoots up or goes in loss
88.58 % shares held by ongc and hpcl
has not given any dividend from 2019 onwards
debt ratio 2.27 total debt18437 crs which has been used until 2020 for setting up the refinery at low interest rates source unknown interest rate can go up in rising rates enviorment. thats the reason of share price fall till now as per sebi guidlines promoter holding has to be max 75% the promoters are holding more than that as of now so may be after june july in last time there can be some fpo or sale of shares from promoter group the promoters are not going to sell at cheap price that is understandable so undervalued as of now but for how long that is the big question i will buy this stock only 10% now and will add over 3/4 months coming max till june july on decline only todays price is max i am going to pay for this stock and on declines will add on fundamental basis for max 2 years period
i my view 56 is good level technically
#PBF: Weekly uptrend, increasing demand amid driving seasonI like the setup in $PBF here, 35% upside at least from here vs a 14% downside risk. I'll keep an eye on the target zone, as this could move even higher over time, until the forecasted rally duration pans out. We had some great trades in this stock since the March 2020 bottom, last weekly signal panned out perfectly before, I think it will perform once again.
Best of luck,
Ivan Labrie.
Refiners : Crude Recovery Play with limited equities market riskA great way to play crude recovery is long CRAK - the oil refiner ETF vs short SPY (overall large caps). Refiners have better margins with low oil prices and looking at their margins is a good way to gauge the demand for physical. The ratio has broken 0.7 and I expect to see it at 0.9 or a 30% return as recovery gathers steam.
MPC: Long term uptrend signal$MPC has an excellent long term uptrend signal at play here. If not long you should average in over 3 days at least, risking a drop to 43.42, or 3 daily average ranges down. Targets are 89.66 and potentially up to 143.09 in the long run, to be hit by or before Q4 2019.
My mentor, Tim West has been adamant about $MPC's strengt, and so far he's been right. This stock has shown relative strength, selling off less than its peers and rallying more and with lower volatility, indicating that there are some big players involved, buying in the background.
Fundamentals are great for this company, and valuation is compelling, so it's a really low risk trade.
I'd reccomend holding this and $PBF for exposure in this sector.
Good luck,
Ivan Labrie.
PBF: Excellent 'Time at Mode' signalsPBF is tracing a downtrend, sadly, since it didn't bottom at the recent low...I had to take a loss on my recent entries, and I'll wait for it to hit the lower targets to reenter. My idea is perhaps to short put options at the target, and either get assigned, or get profit from the premium on expiry. Either way, it's a great trade if we take the long side.
Fundamentals are good, and this is a good addition to any portfolio, we just need to time a good entry here and let it ride. The yield is worth it.
Good luck,
Ivan Labrie.
DAX 2017 Q1 PREDICTION ! SHORT 10950 TILL 9800 IN 4 MONTHS!!!*Hello traders, I make this chart because I see that all Indices were pumped after the US election and Italy referendum.
*In my opinion this is a bubble that will eventually burst when Donald Trump official came president of the USA.
*Entering 10950 - think that is a good LVL to enter short because 11000 is a psychological LVL like 10k 12k 9k ect.
SL- is 1/5 of the TP which is good i think
*1st, 2nd, 3rd TP how to trade ???
1st profit release the 50% of all short positions
2nd profit release the 25% of all short positions or the rest 50% of the 50% :)
3rd profit the rest
*if 1st target is reached what to do:
1st profit release the 50% of all short positions
could wait for pull back 600-650 even 700 and sell again
*if 2nd target is reached 2nd profit release the 25% of all short positions or the rest 50% of the 50% :)
don't sell after pull back " psychological LVL like 10k 12k 9k ect."
*if 3rd target is reached we can say to losers GOOD GAME WELL PLAYED!
*about the SL - it depends of the trader i dont use SL but i see that most of the people are making SL orders, I think that 11200 is a good SL order if you are scary like lil pu$$y
GOOD LUCK TO EVERYONE
PSX: Warren Buffet's callThis stock is acting great (and similarly to $PBF and $MPC, it's a great long term play, with immediate entry parameters).
If not long the stock you can look to get long on either, dips to support, price moving above the previous daily close or a new daily high. As long as it stays above the light blue box, it's highly likely accelerating to the upside, and heading to 84.53 in the short term.
Good luck!
Ivan Labrie.
PBF: Potential long term long zone and daily swing tradePBF has a nice bullish setup in the daily chart. After an extended decline, it's likely to move back up to meet the weekly downtrend mode after the time projected in the weekly expired right at the bottom. Daily charts are setting up as bullish with RgMov making a new high ahead of price, and a potential Time at mode uptrend signal about to confirm if the next daily bar stays above 22.70 until the close. In any event, probability of a move up is considerable, and specially backed by rising crude, SPY, and the recent shortage of fuel in South America, which greatly benefits U.S. refiners like PBF.
Long term longs can be established at these levels, risking a specific percentage weight in your portfolio, or perhaps you can take the technical setup here and go long risking either 3 times the daily ATR (I reccomend this) or risking a drop under 22.70 after Monday's close (if this level isn't retested).
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.