Amit_Padishalwar

Swing Call - Daily Chart // Wed 14th Oct 2020 // Sonata Software

Long
NSE:SONATSOFTW   SONATA SOFTWARE
Daily Swing Call for Wed 14th of October 2020 // NSE:SONATSOFTW

// 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: 357

IDEAL BUYING RANGE*: 340-365

TARGET: 430+ (20% Around)

STOP LOSS: 320 (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 conditions. Please trade / invest at your own risks.
Trade closed: stop reached: SL Hit Briefly....
t.me/AmitSwingCalls: Join my Telegram channel for free trading and investment ideas

Comments

Hi can't find you on telegram Channel ....
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namitsabharwal1965 namitsabharwal1965
@namitsabharwal1965, OK GOT IT
Reply
Amit_Padishalwar namitsabharwal1965
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