DAILY SWING CALL // Monday 03rd of May 2021 // NSE: MEGH DAILY SWING CALL // Monday 03rd of May 2021 // NSE:MEGH
// 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: 141.15
TARGET: 163+ (15% Around)
STOP LOSS: 127 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & 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.
- 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.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
MEGH
#JAYAGROGN 21% $return $DEEPAKNTR $AGROTECH $HATSUN #FACT $ATFL #JAYAGROGN
NSE:JAYAGROGN
CMP: 162.50
Target: 198++
Can hold above 198, Trail Up Or Book Partial.
Stop Loss: 136
Time frame: less than 2 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
HEAD & SHOULDER Pattern Breakout
Cup & Handle Breakout
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Earnings report & quality strong
EPS
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
Compare with peers NSE:DEEPAKNTR NSE:ATFL NSE:HATSUN NSE:ADFFOODS NSE:CHAMBLFERT NSE:FACT NSE:HNDFDS NSE:DFMFOODS NSE:MEGH NSE:VINATIORGA
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With 💚 from Rachit Sethia
MEGH BREAKOUTMeghmani organics breakout on monthly chart. Very good fundamental stock for long term investors. Accumulation range on retest of the breakout area 120-130. SL below 100 on clb. Also very good volume can be seen recently.
MEGHMANI Organics buy setup - Risky multi-bagger tradeBuy MEGH at CMP (52+) and on dips upto 47
T1: 66.50
T2: 81.00
T3: 98.00
T4: 120
SL: 39