DAILY SWING CALL // Friday 5th of March 2021 / NSE:JAMNAAUTO
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 74.05
TARGET: 85+ (15% Around)
GSPL- Ascending Channel Breakout
Chart time frame -1 week
Trade type -short term
Duration - 3 months
Entry - 278
Target 1 - 330
Target 2 - 380+
Stoploss - 260
Risk:Reward - 1:3
Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
The scrip is trying to break its 3yr plus resistance. Just look at the level of accumulation going on in there. The last time it tried super hard was in the week starting of 24th August but later on 31st August, sensex crashed hard, so chance gone. Then it tried again and the next day was 21st December, yet another biggest crash in post-covid scenario, chance gone...
In today's session, Maruti gives head and shoulder pattern on the daily chart. After this breakout huge downside expected. According to the pattern projected target possible 6132 in the upcoming few trading sessions. 6740 and 6300 levels will act as intermediate support during this fall.
- Daily Chart
- Poised for breakout
- Looks good for Swing/ Positional Trade if sustains above resistance zone on Daily Closing Basis
- Please manage risk using appropriate position sizing and Stop-loss
- Expected Target : Previous ATH
DAAWAT (aka) LTFOODS | Paisa double opportunity - Looks good for 101% ROI
CMP : 52.70 (Dip upto 48)
SL : 38
Target : 105
Almost 1:6 risk reward setup
Its weekly time frame, high patience required. Just put a 5-8% of the capital and allow it to work for us.