CMP 116.40
Swing Low: 43
Swing High: 155.30
As per my monthly chart, retracement levels are: 128.75 (done), 112.5, 99.2, 85.9, 76, 67.1, 43(100%).
Based on my Weekly Chart, If Lead resisted by 139.55/155.30, I expect big fall in lead and
Downside targets are: 113.7, 108.85, [105.95], [100.8], 99.35, 98.1, 93.15, [85.3].
Based on my Daily Chart, If Lead resisted by 128.55/139.55, I expect,
Downside targets are: 115.80 (done), 113.10, 109.1, 108.5, 105.6, 101.8, 97.2.
Trade Idea: Sell lead on rise with strict SL 128.6 for the above targets.
Based on my Hourly Chart, If Lead resisted by 125.55, I expect minimum downside 118.85.
As of now, Lead done 3rd wave at 115.85 and it is in correction now. If so,
Retracement Levels are: 118.1, 119.5, 120.7, 121.8, 122.65, 123.45, 125.55 (100%).
Normally, wave 4 will make 23.6% retracement and lead made high 118.05 (118.1 (23.6%)).
Any move below 115.85, confirms next down move (wave 5).
Downside target is: 113.3.
Other targets: 112, 110.5, 109.1.
Trade Idea:
As per my analysis,
Sellers SL 118.3/125.7/128.5
Buyers Strict SL: 115.7.
1. Buy Lead at CMP 116.40 with Strict SL 115.7 for 118, 119.4, 120.2, 121.6.
2. Sell On Rise between 120-123 with Strict SL 125.7 for 116, n for my positional targets.
3. If Lead moves below 115.8 before move above 118.1, Sell below 115.8 with strict SL at 118.2 for my positional targets.
Swing Low: 43
Swing High: 155.30
As per my monthly chart, retracement levels are: 128.75 (done), 112.5, 99.2, 85.9, 76, 67.1, 43(100%).
Based on my Weekly Chart, If Lead resisted by 139.55/155.30, I expect big fall in lead and
Downside targets are: 113.7, 108.85, [105.95], [100.8], 99.35, 98.1, 93.15, [85.3].
Based on my Daily Chart, If Lead resisted by 128.55/139.55, I expect,
Downside targets are: 115.80 (done), 113.10, 109.1, 108.5, 105.6, 101.8, 97.2.
Trade Idea: Sell lead on rise with strict SL 128.6 for the above targets.
Based on my Hourly Chart, If Lead resisted by 125.55, I expect minimum downside 118.85.
As of now, Lead done 3rd wave at 115.85 and it is in correction now. If so,
Retracement Levels are: 118.1, 119.5, 120.7, 121.8, 122.65, 123.45, 125.55 (100%).
Normally, wave 4 will make 23.6% retracement and lead made high 118.05 (118.1 (23.6%)).
Any move below 115.85, confirms next down move (wave 5).
Downside target is: 113.3.
Other targets: 112, 110.5, 109.1.
Trade Idea:
As per my analysis,
Sellers SL 118.3/125.7/128.5
Buyers Strict SL: 115.7.
1. Buy Lead at CMP 116.40 with Strict SL 115.7 for 118, 119.4, 120.2, 121.6.
2. Sell On Rise between 120-123 with Strict SL 125.7 for 116, n for my positional targets.
3. If Lead moves below 115.8 before move above 118.1, Sell below 115.8 with strict SL at 118.2 for my positional targets.
