The market scenario had been very tricky in the
previous week due the range-bound price action that the Index was witnessing. Nifty
failed to show any momentum and was simply moving within the range of 10870-10700
for the entire week. However, I managed to win the trade show against other
market veteran.
Looking at the overall
structure there were certain stocks that have been out performing within the
Mid-cap and the small-cap space and the frontline stocks that were moving
higher are just drifting towards lower levels with no strong trend.
It feels great to win
the Trade show despite of the range bound movement. Below are a few trades
taken during the week with clear explanation
7th
January 2019 trades: Stock
tips – Buy: Aartiind, PNB, Coromandel , Fedbk
Nifty
overall had been in range on Monday and was near the lower end of the range
there was less momentum on the downside so all the stocks which were selected
were in buy. The stocks which were selected were about to give a break of its
past week’s range and were amongst the ourperformers.
8th January 2019 trades- Buy: Repco Home,
Ajanta Pharma, BEML, Godrej Properties.
Nifty had a negative closing on the previous day
however was in range overall and the strength still looked on the upside. Due
to the sector rotation the key was to find out the outperforming sectors and
the stocks within those sectors. Real estate and fiancé sector showed good buying
so Repco homes and Godrej properties were the picks among and Pharma sector
also showed buying emerging.
9th January trades 2019- Buy: Allahabad
Bank, IOL Chemicals, Praj Industries, Repco
Nifty had a strong positive start with a gap however
the overall trend was range-bound so the strategy still remained to pick out
the stocks and the sectors that were outperforming. Sugar and chemical showed
some buying emerging so we selected Praj Industries and IOL chemcials. Praj
Industries was the stock that performed very well on the that day and I selected
it because it was about to start the 3rd wave on upside and also made
time cycle lows.
10th January trades 2019- Buy: Bata, Nocil;
short: NMDC, Chennai Petro.
Nifty in the previous session had a negative close
and was near the upper end of the range however the momentum on the downside
was not strong. So I thought it was better to play safe. This was the reason I
selected two stocks which were Nocil and Bata for buy. Both of the stocks
showed outperformance and were trading near 52 weeks high and the chemical
sector showed good buying. The metal sector on the other hand showed weakness
and therefore I decided to go short on the sectors that exhibited weakness
overall. Chennai Petro also broke past 10 days of low with a big bearish candle
that indicated completion of wave b on upside and start of wave c lower.
11th January trades 2019- Buy: Aarti Ind,
Divis Lab, Astrazeneca , Manappuram
Finance.
As mentioned above the Finance and the Pharma sector
showed good buying in the whole week. Manappuram Finance was had been
protecting the low of previous day for almost 8 days and Astrazenca found strong support near 61.8%
retracement level and showed strong positive reversal.
The above
strategy clearly highlights the fact that knowing the internal Elliott wave
pattern of individual stocks along with Nifty direction is extremely important.
It is not necessary that you will make money by simply being long on any stocks
in the current market. Stock selection based on Moving averages, Channels, Elliott Wave, RSI indicator and much
more is required.
Learn the
detailed process of Stock selection, Portfolio creation, Intraday trade setups
using above methods. The above is a proof of how brilliantly the techniques
work. I will be discussing in detail all of these methods – how to buy and sell
intraday, how to create portfolio of stocks for investments using Neo wave,
Time cycles, Ichimoku Cloud. For more details about the upcoming training click here
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