Amit_Padishalwar

DAILY SWING CALL // Thursday 14th of January 2021 / NSE: MAGMA

Long
NSE:MAGMA   MAGMA FINCORP LTD
DAILY SWING CALL // Thursday 14th of January 2021 / NSE:MAGMA

// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //

CMP / LTP: 45. 05

TARGET: 52 (15% Around)

STOP LOSS: 40 .5 (10% Max)

Standard Notes:

- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & 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 and is an indicative period.
- 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.

Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
t.me/AmitSwingCalls: Join my Telegram channel for free trading and investment ideas // Visit https://www.AmitSwingCalls.com

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Comments

It's coming down. But results are on 5 Feb .
Reply
@sajid11, Please follow the SL on closing basis
Reply
Sir, what are those red and yellow lines below candles? I see this on most of your charts, never understood what is that.
Reply
@Vikaslohia, Those are EMAs
Reply
Vikaslohia Amit_Padishalwar
@Amit_Padishalwar, Thank you for your reply. I count 8 such lines. So which other EMAs do you use besides obvious 200, 100, 50 & 20?
Reply
@Vikaslohia, EMA 20-25-30-35-40-45-50-55 // It's a standard EMA Ribbon which I use from the TV Library, but that's not the only technical indicator which I use for analysis.
Reply
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