Bajaj Electric: Recovering after 20 days of continuous pullback.Hello Traders,
I would want to see Bajaj Electric to continue upmove and then taking a small pullback would be a buy signal for me.
Thus I would not enter right away if BajajElectric moves upwards.
My trade setup wouldbe as follows:-
Stock: Bajaj Electric, Swing Trade Cash Segment.
Entry: 1277-1288
Target: 1549
SL: 1210
Risk Reward- 3:1
Happy Trading!
Safetrading
Acrysil, At support level. Can attempt 3:1 RRHello Traders,
Acrysil is trading at support level. I would suggest to enter the stock at current price and keep a tight daily stop loss at 728. We should be able to target the full move of 3:1 Risk reward ratio.
The trade can be setup as follows-
Stock Name: Acrysil, Swing trade in cash segment.
CMP, Entry: 748
Sl: 728
Target: 808
Happy Trading!
IIFL Sec: In middle of support and resistance. Attempt longHello Traders,
IIFL Securities after long breakout is exhibiting flag and pole in 75 minutes chart and also has taken support twice above 111 in immediate sessions.
Even if it has a resistance at 118 we can attempt going long for target of 127. To mitigate risk of losses, we will place SL above our entry price as soon as the price reaches 118. and once it crosses 120, we will place our SL at 118.50, and wait for it to reach 127. If it crosses above 127 we will trail our SL. I will also recommend booking 60% quantities at 127.
Stock: IIFL, Cash Segment, Positional Swing Trade.
CMP, Entry: 115
SL: 111
Target: 127
Goal: 10%
Happy Trading!
CosmoFilms: Price and RS strength, RSI above 70, Good volumes.Hello Traders,
Cosmo Films ending on a big green candle, RSI above 70, and strengthened RS, supported by volume and deliveries is a buy signal. It can be traded as follows:-
Stock: Cosmo Films
CMP, Entry: 1646-1651
Target: 1751
SL: 1579
Happy Trading!
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!
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.
Ashoka Buildcon, should breakout, Volume + trend line reversalHello Traders,
Ashoka Buildcon, while riding the trend, which is reversal from the trend line has picked up big volumes. It can be traded for 14% profit within a week or so.
It can be traded as follows:-
CMP, Entry price: 101
SL: 94 (Weekly closing basis)
Target: 114
Happy Trading!
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!
Long AUBANK: Rejection from monthly resistance, volume pickingupHello Traders,
AUBANK can be a good trade at the moment.
Its closing price on Friday was 1182
It can be traded as follows:-
Entry price 1191
SL: 1123
Target: 1293
Supporting pointers:-
Recent rejection from monthly resistance levels of 1142 and 1123
Volume picking up
Piramal: Beautiful Candles in volume and price Hello Traders,
PEL I traded today and again will enter tomorrow.
The price entry remains CMP: 2782 or wherever I can catch it after 9:20. In case of downward move the 9/21 EMA rejection on 75 minute chart will be my entry point around 2730.
SL: 2503
Target: 3120-3200
No complex logic. Prie action and volume momentum
Happy Trading!
Tata Motors: Another tata stock exhibiting clear upmoveHello Traders,
Tata Motors has exhibited clear upmove graph. Post Inverse head and Shoulders formation it has given a breakout. Now I am certainly entering the trade with following strategy.
If stock continues non-stop upmove:-
Then I will enter the trade when it crosses above 329 around 330
If the stock consolidates:-
And takes a rejection at 9 EMA or 21 EMA in 75 minute then I will enter the trade at that price somewhere around 318
SL: 299
First target: 350
Second target: 377
Nippon India Asset Management:v Targetting 5% upmoveHello Traders,
My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph.
Has been moving up constantly after the infamous covid market crash.
My trade is as follows:-
Entry price: 442
SL: 428 (Daily stop loss)
Target: 465
United spirits: Again beautiful volume and price candles.Hello Traders,
United spirits again has displayed good momentum, in price and volume both.
I would enter the trade but the entry levels depend on 9 EMA for daily chart.
I would keep an eye on the stock and wait for some consolidation before it takes the next upmove.
Happy Trading!
Westlife: Has good momentum, highly volatileHello traders,
For traders with moderate risk appetite, this can be a good trade.
Has shown volume, volatility, and momentum on all time frames.
With RR of 1:1.5 I would trade it as follows if it shows a strong upmove in 15min chart and my levels would be as follows:-
Entry price: 576
SL: 530
Target: 650
Happy Trading!
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!
MAHABANK: Trading at a value worth buying it.Hello Traders,
I would buy 10,000 shares of MAHABANK at CMP: 19.05.
Then I would sell 50% quantity at 25.55 and 25% at 30.85.
The remaining 25% I would leave as it gets free. It looks like a good share as its CCI is moving upwards and so is RS14.
Also it has recently given good volume and price upmove.
Lets see how it goes.
I will still keep my SL placed at 17 to avoid unlimited losses.
Happy Trading!
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!
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!