Amit_Padishalwar

DAILY SWING CALL // Monday 23rd of November 2020 / TIMKEN

Long
Amit_Padishalwar Updated   
NSE:TIMKEN   TIMKEN INDIA
DAILY SWING CALL // Monday 23rd of November 2020 / NSE:TIMKEN

// 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: 1175.5

TARGET: 1350 (15%)

STOP LOSS: 1058 (10 % Max)

DURATION: In 15-20 Trading Sessions Target should be achieved

Standard Guidelines:

- *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 optimized.

- 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 risk.
Trade active: Breakout failed should head for bottom recovery soon. Keep holding with a strict SL.

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