DAILY SWING CALL // Thursday 10th of December 2020 // NSE: RCF
// 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: 51.7
TARGET: 60 (15% Around)
STOP LOSS: 46 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
@Amit_Padishalwar Do u see it will breach in another week or 2 weeks time 60+ reference to ur targets? It took nose dive from 58.15/-
Amit_Padishalwar
⋅
@gopinathk, That nose dive is called profit booking :-) Trade was making almost 12% profit, ideally u shud have booked profits, anyways you can hold with a trailing SL of 52 (daily close) for higher targets 60+ in another 10-15 sessions.
gopinathk
⋅
@Amit_Padishalwar, Thanks for the reply. How do we spot nose dives bit early? Is that through chop zone?
Amit_Padishalwar
⋅
@gopinathk, I don't know what do you mean by chop zone. My techniques are not standard ones, I do not use standard indicators or oscillators, I use many parameters including technical and fundamentals and design a "safe to trade" call. I suggest to follow the SL / Target levels rather than chasing rise n falls within the trade.
gopinathk
⋅
@Amit_Padishalwar, Its an indicator. (daily close) still above 52, do u think it can achieve for higher targets 60+ in another 10-15 sessions, considering todays market correction ?
Amit_Padishalwar
⋅
Hi, As I mentioned earlier, please follow the call exactly if you wish to trade.
gopinathk
⋅
@Amit_Padishalwar, Thanx. I am not for daily trading. Can hold for another 10 - 15 sessions...!! RCF still in Potential buy zone