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Asian Paints to trade sideways. Strategies:- Intraday traders Buy/Entry : Trigger Price: 1672, Buy Price: 1688, Target Price: 1724, Stop Loss: 1770, (*Trailing stop loss with step of Rs 4) Positional traders Buy/Entry : Buy Price: 1668-1672, Targets: 1724-1761-1791. * Do not put stop losses here. If stock breaches 1665 and continue to move downwards do not panic. Next buy level is 1622 and 1596. These are very strong supports. The Stock is expected to move back to 1826 within two weeks time. Note : Intraday Traders who prefer to short sell, rather than buy trades, may follow below strategy only if stock opens between 1696-1702. Sell/Exit : Sell Price: 1698-1702, Stop Loss: 1725, (*Trailing stop loss with step of Rs 4). Target Price 1668-1674
NSE:ASIANPAINT
by shikhagupta2589
2
ONGC to trade sidewaysHi Traders! Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits. This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their profits. Calculate your cost of trades to find out the break even below placing orders. There are a few scenarios and place your order according to the scenario that you observe in market tomorrow. Current close: 82.40, ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- Scenario 1:- Market opens between 81.70 and 82.40. Strategy: Trade only after first 5 minutes. Short Selling If price breaches 81.70 then wait for a fall and sell @81.45, Target 80.35-78.75, SL@ 82.20 Buy/Positions If price touches 81.70 and pulls up back then buy @82.00, Target 83.20-84.60, SL@ 81.70 Scenario 2:- Market opens at or below 81.70. Strategy: Follow Short Selling strategy (Case 1) of Scenario 1. Scenario 3:- Market opens at or above 82.40 but below 82.90 Strategy: Buy @82.40-82.75, Target of 84.60, SL@ 81.70. If price struggles to cross 83.50 by 1p.m then sqaure off your positions at 83.35-40-45-50. ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- For positional traders, The ONGC is expected to trade sideays for a few days. Folowing is your entry point and short term targets for this stock. Scenario 1: Trigger Price: 80, Buy Price: 80.40, Target: 82.40, - 84.60, - 86.10, - 92.25, Highest Target duration: end of next week. Scenario 2: Stock doesn't correct: Buy Price@ 82.00-83.00, SL 81.55, Target: 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
NSE:ONGC
by shikhagupta2589
Once again ICICI BANK can breakthrough all bulls expectations.ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock. Upwards:- Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once. Entry point: 388, SL: 378, Target: 400 (Intraday), 414 (within 2 days), 434 by next week. The stock is exhibiting uptrend and should achieve the targets as quoted above. Downwards:- The next level/support is 343. The long positions can be squared off at 372 in case of downward move(not in case of gap down opening, hold for pull up in this case and then consider this whole strategy). You could short ICICI bank to see intraday lows of 354 or 343 within next 2 days.
NSE:ICICIBANKLong
by shikhagupta2589
1
SBIN to breakout: Much above support and far below resistance.Hello Traders, this one is positional trade strategy. SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance. If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280. These levels are expected to be reached in sudden jerks. Thus I suggest positional trades here. Entry 204, Target: 244-248-280. No SL required for positional traders. Entry: 206, SL: 202.50, Target: 224-230-244 for Intraday traders. Intraday traders should enter only when they see great momentum from 201-204.
NSE:SBINLong
by shikhagupta2589
Best time to enter HDFC Bank.HDFC Bank would be the best investment of your all trades in past and this year at this time. Positional Traders: Buy at whatever price. Targets: 1200 within 10 days, 1300 in a month, 1400 in a quarter and 1600 by year end. Intraday traders: Upwards movement - Entry/Buy Price: 1125-1140, Target 1166-1191-1220. Downward movement - Despite that it would be short lived but if stock opens downwards, and breaches 1107 short it for target of 1089 -1067. Note:- HDFC Bank will bounce back up, so traders if shorting should place cover orders (also called as bracket order).
NSE:HDFCBANKLong
by shikhagupta2589
2
HDFC BANK has very high potential and can be your jackpot stock.HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock. Upwards :- When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up, wait for it to touch 1185.20-1187 post which I expect a pull back to 1172-1173 level. That is your entry point. Entry point: 1172, SL: 1152, Target: 1248 this week, 1297 next week. The stock is in strong uptrend and should achieve the targets as quoted above. Downwards :- If HDFC Bank moves downwards, I strongly suggest to keep away from cancelling your positions if you have held. You could short HDFC bank to see intraday lows of 1121 but the HDFC bank is targeted to move upwards in a weekly time frame. --------------------------------------------------------------------------------------------------------------------------------------------------------------- Notice for Intrday traders: I strongly advise to keep away from HDFC Bank in intraday trades. For maximum benefits go for weekly/short term holding if the stock follows Upwards movement as mentioned above. In case of downwards trend, the support lies at 1067 and you could expect that level only if price breaches 1107. Since the gaps are high, I suggest intraday traders to keep away from speculation for two weeks. Incase you want to trade on volumes, one can trade in futures of HDFC Bank with atleast 3-4 weeks expiry date in future.
NSE:HDFCBANKLong
by shikhagupta2589
12