Positionalcall
DAILY SWING CALL // Wednesday 10th of February 2021 / BUTTERFLYDAILY SWING CALL // Wednesday 10th of February 2021 / NSE:BUTTERFLY
// 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: 586.00
TARGET: 675+ (15% Around)
STOP LOSS: 525 (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.
Muthootfin | Flag & Cup and Handle Pattern 🎯⭕ Positional Trading opportunity ! Daily Chart Alert !!!⭕
--Buy Above =1187 or CMP
--Target = 1263 | 1381
--Stop-loss = 1087
--R:R =3.65
--Expected Profit = 27%
--Expected Holding = 1-3 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Stock Has formed Flag pattern, cup & handle pattern as well
2) Volume is good I have checked
3) Targets are totally based on the resistance & pattern height
4) there is a breakout of handle, one can wait for the clear BO as well
5) 200 ema support , cause stocks just have broken the 200ema
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
JSL | Long trading opportunity - Looks good for almost 76%JSL | Long trading opportunity - Looks good for almost 76% - weekly chart and may take atleast few weeks to months to perform.
CMP : 74 (Dip till 70)
SL : 60
Target : 125
Almost 1:6 risk reward setup.
After breakout now retested the zone (Although the stock has fallen 9% today i see this as a retracement opportunity)
POSSIBLE BREAKOUT IF IT MOVES FURTHER UP!!!Stock looks to be in bullish trend and now it seems that it may give a breakout if it breaches the level of 655, if it does, then there maybe some aggressive bullish action in the stock. One can definitely lookout for this stock for a long position if the conditions are favourable.
CESC : WEEKLY BREAKOUT OF PARALLEL CHANNEL CESC has been consolidating in a parallel channel for the last few months and has made few attempts to breakout of it but failed to do so, however it is once again trying to breakout of the channel and has volumes to support the up-move this time around.
Wait for a decisive close above 700 on weekly charts which will establish the up-move and can take the stock to higher levels of 750/800/850 in the coming 16 - 24 weeks.
Ideas shared are for educational purpose only.
5th wave trade of CEATYou can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.
SUNPHARMA TRIANGLE 30MSUNPHARMA is forming a triangle pattern in 30M timeframe. It could a good trade intraday as well as positional. Although in triangle pattern the price tends to give both breakouts and breakdowns. But in this case SUNPHARMA is creating lower lows which means the stock is in a bullish mode. We can trade both breakouts and breakdowns in intraday when price crosses the high of breakout candle( in case of long position ) or when price crosses the low of breakdown candle(int case of short position). SL will be the nearest swing low. Happy Trading!
TECHM CHANNEL BREAKOUT 30MTECHM has given a channel breakout today in 30M timeframe. After the breakout a retest in also visible. The stock is now moving upwards and one can initiate a long position for a target of 948 which is a resistance point for TECHM. SL will be the nearest swing low i.e. 920. Risk management is the key and no trade setup is 100% working. The SL comes in place when a setup fails. Happy Trading!