Good Risk/Reward
REDINGTON | Short term pick - 50% upside potentialREDINGTON | Short term pick - 50% upside potential - Previous swing high is now support - Hopefully it will complete the W pattern in few months.
CMP : 130
SL : 110
Target : 195-200
Consider taking only 5% of the capital and relax, the stock is not good for speculation or frequent entry and exit.
SUPREMEIND can give clear BO above resistance for 1800/1850/1900NSE:SUPREMEIND Dont enter if it gaps up too much.. Wait for the levels... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
Sasken is looking good for Swing tradingNSE:SASKEN Sasken is at the channel low, it may take support and move up...
Check your RR and take a trade accordingly.. SL for now would be swing low and we trail as we move forward..
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Note: This is my personal view so take trade after your own analysis. Thanks.
BPCL Buy candidate: Awaiting confirmationsHi Traders,
BPCL is again a positional trade. It needs some confirmations, waiting for it to see rejections at its support bed of 313-330.
Upon confirmations we can enter the trade as follows:
Entry: 325-335
Target: 375 (60%), - 380 (10%), - 415 (15%), - 452 (5%)
SL: 306
Keep following for confirmation.
LONG POS. ON DRREDDY (NSE)!!!This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This opens a great long opportunity for traders buying in at price 3910-3915 INR.
The target should be kept just bellow the Resistance at 4,132.20INR i.e. around 4010-4050INR.
Any kind of criticism is highly appreciated !
CHEERS!