A BET WITH PROMISE"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
THIS TRADE/BET IS MY PROMISE TO SELF FOR NOT EXITING TILL THE 60% PROFIT TARGET LEVEL IS MET OR HIGHER LOW IS BREACHED ON EOD CLOSING BASIS.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
MIDHANI trade ideas
A Good Oppurtunity In MIDHANIWe Have Spotted an Full Five Wave Structure From The Low in August till The Highs
We Have Also Checked The Wave Internals, Ratio Relationships, The Labeling Meets all The Rules and Guidelines of Elliott Waves,
All The Waves are as Expected Based on Wave Personality, Wave 5th was an Extension, Therefore the Ensuing Correction Was Sharp (Just as Expected), Now if we Consider That If an Five Wave till the Highs has Completed and Wave 2 As well, Then The Wave Three of the Next Higher Degree is in The Making Right Now, Which Gives Us a Good Opportunity To Enter and Ride The Move Beyond The Highs.
MIDHANI Long, buy on DeepBuy on deep, 30% @ CMP 228
next 30% on 209
last 40% on 192
Target of 252-282
Keep SL 178, for next 4-6 months
Note: Analysis for education purpose only.
Please do your analysis before actual transactions. We will not be responsible for any profit / loss on actual transaction