HDFC AMC - In strong support lineHDFC Asset management is in its strong support zone, wait for fo its breakdown and give entry on the downside, trade only it breaks the zone or else do not trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Shortingideas
Intraday opportunity in RELIANCE, 2nd July 2021Reason: RELIANCE is below it 50 Moving Average and 20 Moving Average. It may try test it's 2113 level.
In 2 scenario you can short for a target up to 2078.
1st scenario to short: Reliance test it's 2113 level and fail to give breakout. Stop loss would be 2122.
2nd scenario to short: Reliance can't go above 2102 and fail to give breakout, in this case stop loss would be 2114.
NOTE:
USE 5 MINUTE CHART FOR THIS TRADE.
DO YOUR POSITION SIZING CORRECTLY.
DRAW THE LEVELS IN YOUR CHART AS WELL.
DON'T BECOME GREEDY.
DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
Intraday Idea for 2nd July 2021 Script name: TATAMOTORS
Today I made it more clear for you guys and marked the zone from where you should enter into the trade.
Reason: 345 is a major resistance zone for TATAMOTORS and price got rejected from here today. A down ward trend line and price is below 20 MA.
345 to 346 is your Entry zone as marked in the chart. Stop loss would be above 348. RISK TO REWARD is more than 1:1 .
Target would be 340. .
NOTE:
USE 5 MINUTE CHART FOR THIS TRADE.
DO YOUR POSITION SIZING CORRECTLY.
DRAW THE LEVELS IN YOUR CHART AS WELL.
DON'T BECOME GREEDY.
DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.