Dmart is at important support accumulation zone + RSI divergence + ready for retracement along with possible continuation of uptrend
entry: 4510 around
sl = if breacked the support zone then exit
Dont ever take more than 1 % risk
target : 3% - 4% 4650-4700
take with your risk to reward ration and dont have more greed to hold...
Target 2-3 % profit
entry around 1368
This a BTST and Swing trade Max period of 2 trading days dont hold for long
when you get profit exit this make like Higher lower position
when after some days it will break the higher lower then time to entry for 5-10 % return but for now 2-3 % will be idle
Dont keep taget more than 1395-97 as 1400 will act as...
Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the
demand and supply . Now its in perfect place for retracement can retrace upto around 975
Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss
Take position only after getting buy...
short 13900 PE currently at 51 with 56 as stop loss and target of 10 - 15 points
In previous trade plan posted got 15 point so take a chance of SL of 5 points and target of 15 points
if new trade avoid as it may go sideways but looks good to me
After going through the chart if can be depicted that the correction is over and it may start an upward journey again.
In the chart a 'W' pattern can form, lets see if the analysis goes correct or not. If i am correct then we may see the price in uptrend.
If the next candle closes above 488 then go long with stop loss of 465.
Marico can create maximum an excess as 325, therefore buy-in steps, not a bad decision.
For example,
1st) Buy Marico @330.5, 50% using of margin from deciding to trade.
2nd) Trade, buy 325 nearby with use of remain 50% margin from the decided margin.
Best strike price to trade on Marico as per the above steps.
345 Call of marico (CMP 5.9)
345...
