Technical
Maruti - Zone of interest. Maruti is trying to prepare for its move. Every retracement coming upper levels is higher than the previous. Bulls are alive and have been accumulating this stock at the lower levels. Maruti could potentially have an ascending triangle breakout. The previous one has been turned into a failure.
Keep this stock on your watchlist for trading and investment.
PRECISION CAMSHAFT LONG1)Resistance Tested multiple times
2)Good volumes while breakout
3)Taking support of 50 Daily EMA
4)Forming Higher Highs and Lows
Expect a target
T1-125 and T2-140
position can be taken based on a few weeks to months based holding period
Risk will be 4-5% of capital
!!! MANAGE YOUR RISK BEFORE YOU TRADE
TRIGYN | INVESTMENT OF THE WEEK | HOW TO FIND SHORT TERM TRADESNSE:TRIGYN
HOW TO FIND SHORT TERM INVESTMENT STOCKS
Step 1 | TREND | Find Good Stocks in Uptrend. Don't try to buy Cheap stocks in Downtrend.
2. Find the Recent Swing lows and Highs. For Small Stop loss and Entry Points.
3. Find Next Resistance for 1st Target . Check the Minimum Risk Reward in the Stock.
4. If Everything Looks good. Decide the Trade Position size. Best for New Investors . Dont invest more than 2% in any trade.
5. After Entering the trade watch the stock regularly. Review the Positions and Exit the stock if stop loss hit. Dont Hope in Loss.
Also 1 of the Most important point. if you are investing always check some basic fundamentals of the company too.
See if you are buying Profit making company and not getting trapped in loss making business. Also check some important ratios Like pe and eps etc. so you can judge the value in company at cmp. and not buy costly company at costly price. LIke in this stock the company is trading below its book value. ie we are getting a good company at discounted price. which is good trade mostly like. when our risk reward ratio and trend is also in our favor.
After all this if stock moves in your favor and makes money. Book Profits on Target dont be greedy. But you can hold some quantity for more profits and as long term investments.
Hope this short education blog will be somewhat helpful . especially if you are new investor. I will try to share
something education every weekend.
Lets Earn while Learing. So Stay connected. and share with your friends if you find this info useful.
See you next week.
#MARKET_MAGIC | #TRADEWORLD1
Route Mobile Possible Breakout - Multiple TriggersBollinger band - Stock is much stronger than previous candles at the same level acc to standard deviation
Multiple trendlines breakout possible on closing basis as well as all time high.
Also, there has been a good correction in IT sector, and can show recovery now.
TATA CHEMICAL moving upward after consolidation 15MTATA CHEM after being traded in range bound area now trading upward, it can go for retest till 925 and can give a good reversal shot with high green volume.
I've took the trade with SL being last candle's low. you can also trade it for the target of 1000 or more. fundamentally very good company you can hold it for investment purpose too..
These levels are for educational purpose only.
LUPIN Creating DOUBLE BOTTOM PatternLupin taking support at trendline in daily time frame near 913 now it has created double bottom pattern in daily and 15M time frame.
if it has broke the consolidation zone from 945 and trying for a retest. if the retest will pass with huge volume then we can see upside rally till 1000 or 1085 from CMP.
you can go long for a swing trade if good directional volume breakout is seen.
ITC near Breakout 15M ITC is creating a Symmetrical triangle. it is also at very crucial level ie. 237 which wal acting as a resistance earlier but now acting as support for it.
200 days EMA is also near about 235. if ITC will break this pattern with high volume profile either side we can take position
you can go long above 240 and for short enter below 235 increased volume profile is must.