Raymonds Trade setup

Hi friends,
                    Raymond suggests a nice trade setup,The fall was a nice
consolidated abc structure.
Lets see the chart.

From the chart we can see that
the stock had a sharp fall from
315 to 255 and after that
it retraced 61.8% of the fall
and again consolidated and now
again ready to rise back after
making a nice consolidated
abc right now resisting at the
breakout trendline,Once it
breaks out it can shoot towards
300+.

Lets see the stock how it performs,This trade setup fails if stock goes below 265.

Regards
Risk 

Tatasteel Trade setup

Hi friends,
                   Looking at Tatasteel chart ,The stock has a potential for a big move
Lets see the chart to figure out its waves.

From the high of 435
january 2014 we saw
a abc correction till 336.
And then we had a impulse
towards 393 finishing a wave
and then it did again a abc
correction where b turned
out to be a triangle as
shown in the chart with
white lables.


Now from the low of 340 the stock has again started a upmove which would gain
strength above 359 and would have potential to scale up to 395-400.
So we have a long trade here with stoploss at 340 for a target of 395 once it trades
above 359.

Regards
Rish

Reliance communication trade strategy

Hi friends,
                   RCOM looks to rise a bit the setup suggests so.
Lets look at the chart

As long as the stock holds 107 we can test 115 and above
115 this can stretch even to 120.
the stop for this trade should be 107.

Regards
Rish

Nifty Impulsive move

Hi friends,
                   In morning i had mentioned 6250 as important level fail to breach above that
was clue for further weakness in Nifty.But market reversed and went above 6250
making the fall abc and recovered smartly to cover all losses and post a new high.

Its a nice channeled
move up which can
be seen from the chart
the next resistance levels
to look for are 6320 ,6350
which coincides with
trendline resistance
Today was the day of
sluggish psu banks which
rose handsomely.


Regards
Rish