Larsen & Toubro

Larsen & Toubro moved in the desired direction without touching our level of 1180-1174.

Now time-price squaring may happen on 23rd or 24th Aug.

Keep an eye in the zone of 1330-1336. SL for this zone is @ 1340

And next zone to watch is 1360-1371. SL for this zone is 1380.

One may look for shorting opportunities while looking at the price action near these zones.

Targets are 1351 - 1333 - 1315 - 1297 - 1287.

**The above readings are for educational purpose only.**

** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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Larsen & Toubro

Keep an eye on Larsen & Toubro in the zone of 1180-1174 with SL @ 1169 as time& price are going to get squared in this zone around 23rd or 24th Aug. There are multiple strong supports in this zone.
Targets for longs are 1191 , 1208, 1225, 1257, 1300, 1321.

Trades Update DLF, SBIN, KotakBank

Last week all the three trades moved in the desired direction according to our trade plan.

DLF

DLF after meeting resistance @ 197 met our second target of 183 (took turn from 184). And , on 16th Aug it gave a close above 206 and from there too it met our first target of 211 ( high made 211.85).  So, in this counter we made good points from both sides.  See Here

SBIN

SBIN too behaved according to our trade plan. First it faced resistance exactly @ 311.65 and from there it went to 303 giving 8 points per lot. And not only this on 9th Aug it gave a close above 312 and from there it met our target of exact 325. In this counter too we made good enough points  from both sides. See Here

Kotak Bank

This script took support exactly  @ 1270 thrice and from there it it met our 1st target of 1300. And on 16th Aug it took support exactly at the pin point level of 1242 and from 1242 it met  our first target of 1270.  See Here

All three trades and levels were shared almost 7-14 days in advance. 

SBIN

Keep an eye on SBIN. This week in this counter time & price are going to get squared.

On Friday i.e on 03/Aug'18 it closed @ 299.25. This counter may find resistance in the zone of 308 - 311.65. One may look forward for shorting opportunities while looking @ the price action in the zone of 308-311 with SL @ 314 on closing basis.
Pressure date is 08th & 09th Aug.
Also, a close above 312 may take this script towards 325, 343, 361.

**The above readings are for educational purpose only.**

** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the Right side of Blog.

Follow us on Facebook :  https://www.facebook.com/bullstrading

You can also Follow us on Twitter  :  https://twitter.com/bullstrading

Last Week's Trades Update

In last week our 2 out of 3 stocks triggered and met our 1st target.

DLF sell triggered exactly @ 197 and from 197  to 186.

In Kotak Bank too our buy triggered @ 1276 and from there  it met our 1st target of 1300.

All the levels were posted before they happened, very well in advance.