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HDFCBANK may retest 975 if goes below 1025Hi Traders! HDFCBANK has shown small rejections at its weekly support trend line. If it moves upwards it can be traded for 1069, as 1069-1079 is area of strong monthly resistance. If HDFCBANK falls below 1025 comfortably, it will retest 975. So keep close watch and follow the strategy as follows:- In case of upward move: Intraday traders/Short term traders can take an entry at current market price for a target of 1069. Long term traders should wait for Stock to comfortably close above 1079 or if its retest 975. This is not a good entry point for long term positions. In case of downward move: Short term/intraday traders can short the stock for target of 975 at 1025. Intraday traders, keep following for intraday trade opportunity calls and ideas. Will publish them as and when I see a good opportunity in stock movement.
NSE:HDFCBANK
by shikhagupta2589
3
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