Positional
MOTHERSUMI | Trendline + Channel support - Lets try for 18-20%MOTHERSUMI | Trendline + Channel support - Lets try for 18-20%
CMP : 215 (Dip : 205)
SL : 195
Target : 250
1:4 risk reward setup from dip
SRTRANSFIN | Channel breakout retest - Looks potential for 20%SRTRANSFIN | Channel breakout retest - Looks potential for 20%
CMP : 1585 (Dip : 1525)
SL : 1450
Target : 1900
Almost 1:3 risk reward setup
We already holding from 1300, we can average some more here aswell.
HDFCBANK | Reversal from Trendline + 200 EMA support - 15% plusHDFCBANK | Reversal from Trendline + 200 EMA support - Looks potential for 15% plus
CMP : 1525 (Dip : 1480)
SL : 1390
Target : 1730
Almost 1:3 risk reward setup
The advantage with TCS, HDFCBANK, RELIANCE kind of stocks is they move genuinely
Some bad trades are allowed, we won't go broke by holding
Can allocate little above our usual allocation.
These comforts are applicable only for cash market not for F&O 😃
WHICH WAY COULD THE MARKETS GO FROM HERE? (BANKNIFTY)The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10%
The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside.
The trade plan:
Bullish:
Entry upon breakout above higher trendline (36,650)
SL: 36,050
Target: 37,850
Risk-Reward: 1:2
Bearish:
Entry upon breakdown below lower trendline (35,900)
SL: 36,500
Target: 34,700
Risk-Reward: 1:2
I know that the SL and Target are quite large, hence, this would be a good opportunity to practice position sizing. Generally for smaller targets I could trade full quantities, but for this my risk is only about 100-200 points and targets around 400 points max. But considering the VIX is trading around 20, the volatility is high and larger targets can be achieved. So, if the SL and target are upto 3x my normal trades, this where I will cut down my positioning by 1/3. Example, if my full quantity is 150 (6 lots), I will only trade 50 (2 lots) which is exactly 1/3. This will ensure that larger SL does not mean more risk in absolute terms.
ULTRATECH CEMENT - SELL _ TARGET - 7300This is a perfect sell, considering how the overall market is. There is a bearish engulfing candle on the daily chart, signalling bearish reversal. Also a fake breakout and is back in the channel. RSI and MACD is also signalling weakness.
Risk to Reward is also favourable.
Best of luck :)
BUY icici bankicici bank currently too oversild situation & bottom side tradeline also coming to its very hard to brk directly
and 2nd one two gaps are pending to fill upside so, its possibilty to goes up for fill the gap , i know currently is strong selling but its opportunity to buy for small targets
buy CMP
target = 750 ,760
Disclaimer:-
My presentations, and writing are only for educational purposes and are not intended as investment advice.
I cannot guarantee
the accuracy of any information provided.
HINDUNILVR | Excellent trendline support - 20%HINDUNILVR | Excellent trendline support and value discount - Can expect 20% rally for short term
CMP : 2329
SL : 2200
The stock is trading in negative 3% for the year 2021 (As on 29/11/2021 close) - We can consider this as huge discount for the value stock.