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MANINDS - Man Industries NSE - is a Buy at CMPA friend of mine recommended MANINDS (NSE) at around Rs.133. Since his recommendation, it has gone down to Rs.126.55. But still he is confident that the stock will bounce back. Yesterday this stock and found that it is in bullish mode. Bollinger Bands & MACD indicate that it will bounce from current level. GANN square confirms as well. Normally I am long term investor, I don't go for short term trading. However, I wanted to try this stock for a short term trading and check if my methodalogy works? Please share your point of view in your comments. I will be betting small amount (say 100 shares) on Monday, with Stoploss at 118 & target at 160 to 200.
NSE:MANINDSShort
by sashameel
Broke out of pennant - Short term tradeHere is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media. It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high. Looking at RSI, there is enough room for buyers. MACD is showing a bullish divergence. That said - here is the short term target. Buy - now ($280) Target Profit - $300 - $309 Stop Loss - $271 As always, please feel free to revert with feedback and questions. Merry Christmas and happy trading!
BITSTAMP:LTCUSDLong
by rony.kris
4
Tata Motors: Island formationTata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively and of similar magnitudes on a closing basis (38 & 36 points respectively) - thereby forming an island of trade of more than 1 year Scenario 1 The stock goes up... sees price rejection and falls down Scenario 2 Stock gets sold in to and falls deeper Strategy 1 Buy at current levels for target of 405-415 If the stock sees price rejection around the 416-422 zone then sell for downside target of 344-348 and probably even 322 Strategy 2 The stock goes below 374 and is unable to recover above 384 then sell with minor stop of 384 for target of 344-348 - wait for a bounce back. if we see price rejection again in the zone of 362-380, then sell for deeper targets Take care & safe trading...!!!
NSE:TATAMOTORSShort
by indiamarketoutlook