Hold it: BhartiArtl–Stop Loss Adjusted

 

So it hit the stop loss as given last time, I do not want to take external factors into account for the today’s fall but yes cannot totally deny them as well. The sentiment has turned very negative and day traders are scared by the move. Still I see Bharti in the “out of risk” zone or “safe zone” read it whatever way it makes you comfortable..

This is what I am looking at which keeps me comfortable in holding my positions when I am targeting a long term call.

PS.: Calculate your risk before you take any decision.

Current Status: HOLD

Buy BhartiArtl with all the money that you got

 

It’s a low risk call and its just about to take off. The perfect setup in a very long time on this counter. Perfect points and very high volume on point 5 makes it just a piece of cake. Target could be as high as 550 but first 400 will come :-)

BHARTI AIRTEL - BUY at 300 , STOP 275 , Target 375, 400, 425, 440, 500, 550 - Duration 90 - 120 days

BHARTIARTL–Stop Loss saved by few paisa

 

BHARTIARTL tested is deepest bottom and bounced back, just 55 paisa above the stop loss. Day’s low was 280.55 while the STOP was at 280. Look the bounce back of over 4% to take it back to 294. Still below the entry price… add more and keep the stop of 280 in your mind. If broken then dont think much before closing your position.

All the best

India Stock Calls using WolfeWave – UPDATE With Charts

Calls were given here http://www.wolfewave.in/2012/04/nifty-tidy-waters-ahead.html on 24th April, 2012 and here is how they look today on chart

BHARTI AIRTEL - BUY above 305 , STOP 280 , Target 375, 400, 425, 440 - Duration 90 days

STATUS - ACTIVE

RELIANCE COMMUNICATION - BUY 78 , STOP 73 , Target 93 - Duration 45 days

STATUS – STOP LOSS HIT

RELIANCE INFRA - BUY 530 , STOP 515 , Target 605, 620  - Duration 15-20 days

STATUS – STOP LOSS HIT

TATA MOTORS - SELL 310 , STOP 325 , Target 255 - Duration 15-20 days

STATUS – Hold , Do not enter new trade

TATA POWER - SELL 102 , STOP 109 , Target 90 - Duration 2-4 days (could be Intraday as well)

STATUS – Target Hit (Closed)

TATA STEEL - SELL 463 , STOP 481 , Target 415 - Duration 15-20 days

STATUS – Target HIT (Closed)

TATA MOTORS DOWN 7%–Approaching target of 255

 

When I said that TATAMOTORS will go down to near 255 levels than people asked me really – 18% ? Can it go down that way, I was calm and said – yeah :)

Today after many days of gradual decline it had fallen suddenly near 7% and holding it there… I won’t suggest new entrants now but continue holding your existing sell positions. Here is the current position of the profit and loss.

Continue holding BHARTIARTL and add more near 295-300 levels with a STRICT STOP @ 280

India Stock Calls–UPDATE #3

 

4 trades closed and only 2 running… one at cost while other in deep profit… take some profit and wait with the rest in hand

Tata Power–Target Hit, Trade Closed

 

I had given the target of 90 in TATAPOWER, day’s lowest point today is 90.70 which is just 0.70 point above. I am considering this trade closed and target met. Please close all your trades in TATA POWER. It may go down further but the trade is done.

India Stock Calls–UPDATE #2

 

Here is another update on the status of calls… TATASTEEL made a low of 414.25 while the target was 415, it touched it in exact 15 days after the call was given. Rest other calls are in good profit too except Bharti which is dragging due to entire market sentiment. Keep holding Bharti and take some profit in TATAPOWER while continue holding TATAMOTORS

Status Update on last calls–India Stock Calls

 

My first attempt to give stock specific calls… though I did not traded them I shared them for people who had asked for it. They were in much more profit at the opening but I am giving you the status of them at present.

 

Keep holding the in profit positions and close the stop loss hit ones if not done already

Some emerging waves… and some already emerged

Go play with strict Stop Loss levels… TATA POWER can be played intraday as well…
RELIANCE COMMUNICATION - BUY 78 , STOP 73 , Target 93 - Duration 45 days
RELIANCE INFRA - BUY 530 , STOP 515 , Target 605, 620  - Duration 15-20 days
BHARTI AIRTEL - BUY above 305 , STOP 280 , Target 375, 400, 425, 440 - Duration 90 days
TATA MOTORS - SELL 310 , STOP 325 , Target 255 - Duration 15-20 days
TATA POWER - SELL 102 , STOP 109 , Target 90 - Duration 2-4 days (could be Intraday as well)
TATA STEEL - SELL 463 , STOP 481 , Target 415 - Duration 15-20 days

Buy Nifty @ 5350 , Stop @ 5250 , Target @ 5600–5700, Duration: 2 Weeks

Are you reading me? What do you trade in? What do you like to see me talking about?

 

The blog started long back when it was only be who used to trade what I say on the blog. Today there are so many people who trade and lots more who just read my blog as either they cannot trade in those markets or do not have enough money to trade such instruments.

So here is your chance to make this place a better place. Tell me what you want to see in this space.

Do you care more about charts or theory behind the charts or just simple trade call with levels of buy/sell, stop and target? I am giving you opportunity to talk and get interactive with me. Post your questions either via comments or via email to me

Email: ask@wolfewave.in

Facebook: http://facebook.com/wolfewave

Twitter: @wolfewave , #wolfewave

Nifty–Stopped.! Trade closed by Stop Loss @ 5295

 

Closing the trade by a stop loss @ 5295

Reference: http://www.wolfewave.in/2012/03/buy-nifty-target-magical-number-5555.html

Buy Nifty – Target Magical Number 5555 , Duration 1 week

 

BUY NIFTY @ CMP (5320) and Target of 5555 – STOP @ 5295

Nifty: Trade Closed, Target Hit @ 5250.. opened at 5222

 

This is called precision… touchdown at the opening and bounced back.

 

What I said: http://blog.vikasverma.com/2012/03/intraday-bet-on-nifty-go-sell-for-150.html

Sell NIFTY for a target of 5250-5260. STRICT STOP LOSS @ 5400 – Target HIT , Trade Closed

 

Intraday Bet on Nifty… go sell for 150 points gain

 

Nifty has made a bearish wave in 5 minute chart but was unable to complete it today. Go play a bet and Sell NIFTY for a target of 5250-5260. STRICT STOP LOSS @ 5400

 

NSE:NIFTY: Party is over… pack your bags and go home.

 

After touching the target line on 20th Feb. Market is turning negative, I am expecting to retrace back to 5150 or even 5000…. I won’t be surprise with a 100% retrace back to 4600 but that will take time and dead cat may bounce back after some initial fall.

The idea is to get out and stay out of NIFTY until I say to BUY again. If you like to take risks…  SELL NIFTY with STOP @ 5650

 

Nifty: Stay cautious… target almost hit… book profits of 1000 points :)

 

This was my post on 20th Dec, 11 (http://blog.vikasverma.com/2011/12/nifty-nifty-oh-my-nifty.html)

I said: BUY above 4600 tomorrow or above 4500 next Week (26 Dec), Stop at 4000, Target 5800.

And this was how the chart was looking then

 

and see how its looking today…. go book your profit of 1000 points in less than 2 months.