KAJARIACER trade ideas
242PA. Wave 4 breakoutMany times Market does not provides good and ideal entry points. Hence needs PITS for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios.
Buy KAJARIA CERAMICS in 400-420 RangeAnalysis -
Wave count shows possible complete retracement of wave 3. The ideal retracement for a 3 is between 38.2% to 50%. 50 fib is at 400 Rs.
Long term past support in play. Note that this is a 2 weeks chart.
Past record of algo play; suggests buy at 50 fib (400) and sell at -23.6% and -61.8% algo targets.
Ideal buy range Between 400-420Rs.
Long term targets- Expecting new ATHs in coming years. Will update in comments soon.
Kajaria Heavy Volume Invitation - MomentumIn case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
In case it opens below our hard stop loss, AVOID