Granules

Granule is attracting me @ the level very much, on Wed. I am going to buy @ cmp 193 with strict stop loss of 181.

Share u r views.

 

>> I am going to buy @ cmp 293

Its this script you are talking about - http://chartink.com/stocks/granules.html ?

 

Yeah this the script but one thing I like to tell u that this is against the shabbir's way and I am using my different strategy for this trade.
But if u wish to trade then be strict with stop loss cause it will not not give u another chance to exit if breach the stop loss.

 

Sanjay, I was curious why you are entering this script - are you anticipating breakout ?

Also its a typo - CMP is 193 and not 293 ?- this was the original reason I posted here.

I am not following your trade (just trying to understand your reasoning of entering).

Thanks

 

I think it may go to 38.2% retracement level(166) or if below that then to 154.Be cautious and follow strict stoploss if at all you are trading.However the fundamentals of the company are very good.Promoter image is also good.If you want to keep it in your portfolio for long say 5 years then there is no problem at all.Earlier I have bought 480 shares around 130/142 then booked profit around 217.And if it comes around 166 or 154 then I will surely add this for longer term and forget .

 

Thanks I have corrected that mistake, I am entering because it fits on my few patterns which produced me good results with huge profit .
It is giving me short term reversal signal @ 50% retracement level.
It has entered in trader's action zone.
It is in long term uptrend till it will not break 180-170 level.
It is just trying to enter in elliot wave 3 which is the strongest one.

I think it is enough for now although it is making some more patterns which I like most but that is very complicated to explain here in very short time.
Yes I am anticipating break out even though if it will not able to break out then also it can give me huge profit in very short term.

It is the same which I applied to alembic pharma.

 

Shabbir, in your next ebook update do explain such patterns as mentioned by sanjay if it helps in trading.

Thanks

 

Yes it could happen that is why I said be strict with stop loss and I am 80 % sure it will not touch 166 level because that level will change the trend and that market makers don't let happen.

 

Yeah shabbir it is fractal analysis very correct but every one should understand you can not take a call depending on Elliot Wave and Fibonacci solely there are so many other things which u have to see to put in this pattern.
And also this pattern can give u a huge profit like it is showing the target for granules @ 270 but on other hand it can show u the disaster if u r not following the strict stop loss.

I am going to start teaching very soon and writing a book on patterns which works for me and which doesn't works to teach students.

 

Entered in @ 194

 

Shabbir and Sanjay ! on Friday it made a low of 165.50 as I have already written in my earlier post.Now what's your view ?Is it worthy to enter in this level for target like 230/250?

 

Not at all short term trend has changed and now it is in downtrend, making low top low bottom and break down in form of M.
Better to wait for good opportunity.

 

Thanks friends ! But certainly I would like to re-enter this stock at lower levels.

 

How should we analyse today's upmove in this counter ?