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Xpro India: Grea RS Strength more uc than lc. Least risk point.Hello Traders, Xpro India is trading at 638. It is trading at least risk point. One can enter the stock at cmp which is 638 with tight SL of 619. If it takes an upmove the immediate target would be 723 and from there we can trail the SL. Even with 723 as target it is a pretty good Risk Reward. So the Xpro india trade looks as follows:- CMP: 638 Entry: 638 SL: 619 Target: 723 and Trail SL rather than booking at 723. Happy Trading!
NSE:XPROINDIALong
by guptaaditya24
Shilpamed: Targeting 640 to 717 in a swing with tight SL of 620Hello Traders, My recent trade analysis have gone pretty well. There is lot of noise around which wants us to believe that market is going to crash but at least till now I cannot see any signals like that. So here I have found a stock, that has formed a W bottom pattern which is a bullish pattern, has good long volumes, and delivery data is also convincing. It can be traded as follows:- CMP, Entry price: 640, Target: 717 SL: 620 Happy Trading! Disclaimer: My trading ideas are primarily for education purposes. Please do your research carefully before investing. PS: I am not invested in this stock and neither I will be trading this idea.
NSE:SHILPAMEDLong
by guptaaditya24
Long Bata India: Volumes picking up, breaking all resistancesHello Traders, Bata India has moved up breaking above its all time high. With volumes picking up, we can expect it to give it a further upmove. WIth 3:2 RR we can trade it as follows:- My trade would be placed a follows: - CMP: 1835 Entry price: CMP or 1835-1841. Target: 1985 SL: 1736 (Daily closing basis) If it opens at a lower price I would wait for Bata India to start moving up before taking an entry rather than buying at a lower price. Happy Trading!
NSE:BATAINDIALong
by guptaaditya24
4
Escorts: Long Retested 9 and 21 EMA, followed by bullish candleHello Traders, Escorts seems to be forming a good bullish up move. It can be traded as follows:- CMP: 1382. Entry price: 1375-1395, wherever we can find the entry. Target price: 1495 SL: 1308 Please note that the SL is a daily SL. Escorts has displayed a decent sized green candle supported by volume candles. Before that it also retested 9 and 21 EMAs. It has closed today above its weekly and daily resistances. Thus expecting a good upward move. Happy Trading!
NSE:ESCORTSLong
by guptaaditya24
1
Short Heromotoco for first target of 2618Hello Traders, I see the stock has moved down after giving. head and shoulder pattern. I believe this downward move will continue and thus we can enter this downfall as follows:- Target 1: 2618 Target 2: 2378 Sell on rise strategy. Whenever it touches 21 EMA we can go short on the stock. To do this we will either buy PE 3000 or we can sell CE 2800 or even CE 2750 but trade in 30 September option. We will see how stock behaves after 5 minutes of tomorrows opening and then either we will enter at CMP or wait for stock to touch 21 EMA and then enter the trade. Keep Tuned for triggers. Happy Trading!
NSE:HEROMOTOCOShort
by guptaaditya24
3
Short ACC for target of 2039. 9 EMA crosses below 20 and 50 EMA Hello Traders, ACC looks bearish from all the time frame charts. To trade the bearish side we need to either sell the future or we need to buy put options or we can sell Call Options. 1. From Call side the only viable strike price is that of 2200 CE 26th August (LTP 181). One can sell this option above 150. 2. And another way is to buy deep in the money Put option like 2420 PE 26th August (LTP 102.40). It is available at a discount of 28 Rs comparing the strike price and spot price. 3. The other way to trade this move is to simply sell Future. It requires huge margin. My favourite trades will be 1st and 2nd one. The first one benefits from premium decay, and downward move. Some say that option selling can have unlimited loss (thats true without SL). The second one simply moves with the spot price so no momentum fears. Our SL will be dynamic and based upon the spot price.We will keep our SL for all the three approaches above at 2371. So we will exit our position if the Spot price crosses above 2270 on daily basis meaning if it trades above 2270 around 03:25 pm then we will exit. Happy Trading!
NSE:ACCShort
by guptaaditya24
2
VBL for 860+Hello Traders, Varun Beverages has given a good breakout candle on 75 minutes and daily chart. It has been bought with huge volumes. I recommend trading this stock as follows:- 1. Daily SSL is 770. Meaning if stock trades below 770 at closing time then we exit our position. 2. Enter 40% quantity now at CMP. Enter 30% quantity at 800 and enter 30% at 785. I believe the lower levels wont reach but keeping safe side because of market sentiments. 3. Target is 860. 4. If the lower levels are not reached and stock continues up-move then we can buy remaining 60% quantity when it crosses 821 with a momentum. Happy Trading!
VLong
by guptaaditya24