WolfeWave Swing Calls

[surya_sun]

I do not know how overall Sugar sector is going to perform in coming weeks but I certainly see two stocks from Sugar pack to completed its correction and most likely about to jump back.

Here are my Trades for the next 6-8 weeks.. I expect first target to hit within next 2-3 weeks itself

Buy BAJAJHIND around 148, Stop 129, Targets 167,182,193,205,221,242
Buy BALRAMCHIN around 93, Stop 87, Targets 109,119,128,137,149,165



DISCLAIMER: These are just paper trades... targets look lucrative though but do not trade them just because I said so. Also even if you intend to trade then do not go for leveraged trade... keep margin as much as 1:1

Vikas,
The sugar prices got a boost today due to the demand upsurge(expected) in London market. You might have witnessed the late pick up of sugar stocks in the last 90 minutes trade.
Good luck.

 

[findvikas]

Looks like I take too much sugar these days in my tea... the demand picked up like hell and BALRAMCHIN is up 5% from my buy level already...

 

[Karanm]

not really linkon but I agree it is going below 4500 not because of this wave but because it has to complete the wave 5 down... so we should be bullish in falling wedge and bearish in rising wedge... this one is a falling one so expect one final leg down and then a rocket flight above 4900

I tried to update it but ofcourse its just imaginary... look for heavy volume... past couple of days volume is dying compare to the previous days and today's volume was a good indicator that we might reach for point 5 as it was a stopping volume.



ok here is a bit better chart

it is making a bullish wave and no wonder why all the above stocks are making similar wave... specially Banking majors which are looking quite bullish to me.

Sir, do we have any explorer or any way to search scrips which have made Wolf Waves on a particular day because it is very difficult to draw & check formation of Wolf Wave in even 50 Stocks.

Regards
Karanm

 

[findvikas]

Waves are best drawn by hand as they require little tweaking here & there. Nothing can beat your eyes. There are couple of AFL which does the job little easy for you by drawing Pivot High's/Lows and connect those with trend lines but its not as effective.

 

[Karanm]

Date: 11 Feb. 2010


DLF - BUY 292 - 296 , Stop @ 285 , Target: 330 - 350
GAIL - BUY 375 - 378 , Stop @ 365 , Target: 444 - 475
HEROHONDA - BUY 1550 - 1575 , Stop @ 1495 , Target: 1800 - 1810
GOLDBEES - BUY 1600 - 1610 , Stop @ 1575 , Target: 1730 - 1750
HDFCBANK - BUY 1640 - 1650 , Stop @ 1549 , Target: 1840 - 1900 - 1975
IBREALEST - BUY 192 - 195 , Stop @ 158 , Target: 270 - 275
ICICIBANK - BUY 810 - 815 , Stop @ 775 , Target: 905 - 975 - 1005
IVRCLINFRA - BUY 330 - 335 , Stop @ 290 , Target: 420 - 440
MARICO - BUY 98 - 100 , Stop @ 97 , Target: 112 - 115
PUNJLLYOD - BUY 167 - 168 , Stop @ 165 , Target: 192 - 195

ASIANPAINT - SELL 1985 - 1990 , Stop @ 2035 , Target: 1825 - 1860
INDIACEM - SELL 116 - 118 , Stop @ 122 , Target: 100
LUPIN - SELL 1625 - 1630 , Stop @ 1650 , Target: 1450 - 1490
MAHLIFE - SELL 370 - 375 , Stop @ 423 , Target: 280 - 295 - 310
TITAN - SELL 1650 - 1660 , Stop @ 1780 , Target: 1375 - 1390


Some calls are not yet activated while some of them are already active.
My time frame is 2 - 6 weeks for most of the calls. Let's see how well they go.

DISCLAIMER: PLEASE CONSIDER THEM AS "PAPER TRADE" , I WILL NOT TRADE THEM BUT ONLY MONITOR FOR PERFORMANCE

Sir, any Explorer formula to scan wolf Wave formation in Metastock EOD Data.

Regards
Karanm

 

[findvikas]

Sell RPOWER or BUY 150PA for April @ 6-7

Downside Target: 142.98 <-> 141.36 <-> 139.05 <-> 136.11 <-> 132.38
Stop is 2% higher from today's high ie.. 153

Chart

 

[findvikas]

Update on RPOWER

Stop was 53 and it did not breached that while made a high of 152.3

See the chart.. today also although it traded above the sweetzone but was quick to retrace below it and traded below it throughout the day only to close below the yesterday's close and with decreased volume. A perfect wave setup so far.

The positional target I am looking for is 136-138

 

[findvikas]

Also notice the negative divergence in Stoch.

 

[itprodeepak]

Update on RPOWER

Stop was 53 and it did not breached that while made a high of 152.3

See the chart.. today also although it traded above the sweetzone but was quick to retrace below it and traded below it throughout the day only to close below the yesterday's close and with decreased volume. A perfect wave setup so far.

The positional target I am looking for is 136-138

Thanks Vikas, for this update. I bought 150 Put @ 5..

 

[findvikas]

remember one thing about Options that they "lose value" and this wolfewave setup is huge.. looking for a double bottom or nearly 10% correction which may or may not come in this month... so what to do? take profit when you can.. like your Option is already in a good gain of 1.2 or atleast 20% even if your brokerage is 100 per side per lot... now keep your SL to 5.5 and get out with marginal profit and look for another entry at lower price that way you can "roll over" your positions and make your put as free put if you are able to do it multiple times... this is how I like to trade options