MIDHANI trade ideas
R-0153 MISHRA DHATU NIGAM (LONG)TK line indicates bullish momentum
MACD cross over.
Once it stays over VWAP then we see TGT will reach very soon.
BUY 215-217
TGT 227
SL 210
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
