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IIFL Finance-A risky potential trade!The stock IIFL finance has recently crashed post news release of RBI debarring the company from sanctioning and disbursing fresh gold loans. However, such news based falls are good opportunity for long term investors to accumulate. Short term traders can also be interested in this stock since it has started some recovery. The stock can show sudden spike like the one seen in Polycab and Manappuram post news based fall. Trade is risky but has a big potential.
NSE:IIFLLong
by chartistamey
Sudarshan Chem - 3yr Breakout Retest on massive volumeNews: Finance ministry levies Anti-dumping duty on Natural Mica based Pearl Industrial Pigments. Sudarshan Chemicals is the sole producer of pigment in the country. Shot up on Axis buying 1% stake in the stock. BUY GUIDANCE: Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:SUDARSCHEMLong
by raavigeorgian