##This trade is for aggressive traders only##
NSE: IMFA (Indian Metals & Ferro Alloys)
CMP / LTP: 175.4
IDEAL BUYING RANGE*: 169
TARGET: 210 (Min 20% & above)
STOP LOSS: 160 (10 % Max) around
DURATION: In 15-20 Trading Sessions Target should be achieved
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a "possible"
(not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit
can be maximized.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
- This is a swing trade call and not an intra-day trade
Disclosure: I may or may not have a position in this trade.
Dislcaimer: All the recommendations are subject to market conditions. Please trade at your own risks.