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Shortterm

TEGA Industries B/O and reversal from bottomThis stock has made double bottom in Daily time frame and has reversed the trend. The stock is trading with good volumes so liquidity wont be an issue. the stock is new to market as this was listed recently through IPO window and has created a great returns through listing gains. profit booking in the stocks by big players led the stock to decline. now it is slowly gaining the momentum. Place strict stop loss according to your risk appetite and holding period. do not allocate major chunk of the capital to any stocks, diversify your investments across various sectors and caps. This is not a recommendation. this is my view for the stock I and urge you all to do your own research and analysis before investing. Note. Nifty has been in a bull rally since few weeks now and a small correction can be seen in coming days. A red candle bigger than previous one day / two days candle is the sign to sell and to save the capital. (applies to all short term positions of the trade) once the capital is saved we can take another trade at any time. Cutting the losses is the key. I have attached below the links for related ideas, please have a look and share your opinions on that in the comment box below. Thank you see you soon with another idea.
NSE:TEGALong
by harshith67
Swing opportunity | Godrej property | LongGODREJPROP is reaching to its immediate resistance and likely to break it so we can expect a decent upside move . Now why I am expecting break out in upside : 1) US market is short term over sold and any short covering will turn FII mood positive in Indian real estate stocks where GODREJPROP is the market leader. 2) Monthly expiry : If stock started travelling above 1340 huge short covering will trigger in call options that will help spot price to run towards 1400 levels. 3)From last 3 years there was positive reversal has been seen in the stock at the end of august series.
NSE:GODREJPROPLong
by r_a_e_e_s
1
HCLTECH Strong breakout on daily timeframeHCLTECH looks super bullish and can be bought as a swing trade for the upcoming 3-4 months and a target of around 15-20% can be expected given that the overall market remains bullish. Even when Nifty IT was performing low, HCLTECH held its ground and today it has finally given a breakout from its channel pattern. The breakout can be confirmed with volumes and the breakout from the last resistance level and further from the breakout of 50 EMA. The trade can be sufficed as - Entry above Rs. 980.00 Stoploss - Rs.940.00 Targets - Rs. 1068 / Rs. 1133 / Rs.1214
NSE:HCLTECHLong
by Apex_Trading69