Daily Swing Call for Thursday 15th of October 2020 // NSE:SASKEN
// 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: 762.2
IDEAL BUYING RANGE*: 2% +/-
TARGET: 877+ (15% Around)
STOP LOSS: 685 (10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects / gaps up 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 optimised.
- 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 and is an indicative period, 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)
Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market co
What you think of this stock at this Stage Amit? Good to enter at CMP (676)? Please advise. thanks!
Amit_Padishalwar
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@Shihaj_Rahiman, Hi Shihaj, SL has triggered for the scrip and charts are consolidating (not great), I suggest you to find a better trade. If you still wish to take a trade I can provide you one as follows: Stock would be good to enter once it closes above 690 exactly on daily charts. SL 625 (10%) and Target 794 (15%) in 15-20 sessions. I hope this helps. Good Luck!
Amit_Padishalwar
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@Amit_Padishalwar, Hi If you took this trade, trail your SL @ 690 which would be around your buying price so you don't make loss....Targets would be higher once the stock sustains above 800 levels...
namitsabharwal1965
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Hi Are It stocks exepected to perform considering that there is significant booking which has come in? Sasken is also down 5% though within your recommended range. Do you expect further correction
thanks
Amit_Padishalwar
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@namitsabharwal1965, Hi Namit, I don't expect more correction but always follow the SL given along with my calls. If u need a safe SL for this particular post....please use 710 (on daily closing basis). Exit the position if stock closes below this level. I hope this helps, I will revisit the post next week to check upon... Happy Trading!!
namitsabharwal1965
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@Amit_Padishalwar, thank you AMit i will follow your recommedation for the entry level.