DASHBOARD
This week we faced huge draw down in portfolio with a positive close on weekend, but still portfolio in decent profit. We added 2 new stocks in portfolio and closed few positions as stock breached our setup and needs to be exited. It doesn't mean stocks will not move higher, we just followed the system
Added Below Picks
Pick No 123 #MMFL at 757
Pick No 124 #NAM_INDIA at 316
Closed below Picks
Pick No 104 #MBLinfra 14% loss
Pick No 110 #AUTOIND 20% loss
Pick No 119 #DOLAT 21% loss
Pick No 120 #MOIL 8% loss
New additions will be done next week but cannot be shared here as these goes to registered friends prior going public
Total open Positions
RMB views : 23 Index : 0 Swing/short term : 5 Options : 6
Nifty/Bank Nifty
This week huge volatility but both the indices were in range we suggested in last issue
This week range and appended below
NIFTY
Expectations in #Nifty
Below chart shows probable move either side. If #Nifty could close above 16800 than probable upside move possible, if not than downside as marked. It is just probability and long term is always up. look at 2nd chart you will understand what mean
BANK NIFTY
Expectation in #Banknifty
#Banknifty looks to be positive as its trading above its Golden ration of 61.8% and this will force #Nifty also to move up looks. problem only if it closes below 33400
RideMultibagger Stock Talk
Lets now highlight few stocks which RMB believes to move up or down
#Hindalco : Hindalco looks good with pole and flag pattern here with stop as mentioned in chart.
#Voltas making very good base with high volumes. looking good as per chart analysis
#TATACONSUM is in range for long time. looks like this time it will the zone and start its journey towards upper side
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Happy Investing
RideMultibagger
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Discloser : All views are personal and may be 100% wrong. Please use your analysis before taking up trades.