Tradingideas
HDFC Chart viewHDFC
CMP 1960.4
One may consider to sell the stock between 1957-1964 for target of 1935 / 1906
SL if closing above 1973.
take care & safe trading...!!!
BPCL chart viewBPCL
CMP 326.85
One may consider to buy at CMP and /or on dips towards 320.
Momentum might be seen above 335-338 zone.
Target for the current setup 360/372
Keep a Stop loss if closing is below 315.5
Alternatively one may consider the following FNO strategy
Sell BPCL 320 PE
Lot size 1800
CMP 11.5
Max profit potential Rs 20700 if stock stays above 320 on 27 Dec 2018
Loss if stock is closing below 308.5 on December expiry day.
Take care and safe trading...!!!
Tata Global looking for weak below 208Tata Global
CMP 204
One may consider selling between 203-208 for Target of 194/ 185/176/168.
Keep a Stop loss if stock is closing above 212
Alternatively one may consider the following FNO Strategy.
sell Tata Global December expiry 210 Call option around 5.85 giving a profit potential of RS 13162.50.
Loss in strategy if Tata Global trades above 215.85 on December expiry day i.e on 27th Dec
Take care and safe trading...!!!
Dr Reddy bounces back after kissing Buy zoneDr Reddy
In our previous update we had highlighted the Buy zone for Dr Reddy. And boy oh boy it did just that. It touched the buy zone and is up almost 3% from those levels.
This is what charts can help us with. Plan the trade. Identify levels before hand and when those levels come make the most of it.
Take care and happy trading...!!!
Adani Gas hits the JACKPOT... Locked in 10% UPPER CIRCUIT...!!!Adani Gas
CMP 105.80
On a day like today when Nifty is struggling, Adani Gas is up 10%
What this reflects is
1 Every chart can have its own story....
&
2 We always hear "No one can time the market..."
.Sure... There is no denying... Adani Gas took 6 days to break free...
But when it did today... The result is infront of us.
so if you are following levels identified with the help of Technical Analysis, you can surely be in a better position to manage your risk and when time comes you can certainly make the most of it....
Time, Patience and Discipline is all that Technical Analysis asks from us.
Think about it... Charts do try to tell us a lot... Question is Are you willing to listen, learn and make the most from it..???
Take care and happy trading...!!!
Do hit the LIKE button...!!!
REC potential Channel trade play...!!!REC
CMP 108.40
The stock is trading in a channel. Support at 100 odd levels. Target zone around 130 odd levels.
Can be looked as a buying opportunity at CMP and on dips towards 104.50 for Target of 122/130/144
Stop loss if trades below 98 on closing basis
Take care and safe trading...!!!
Jet Airways: Will it rise again...???Jet Airways
CMP 275
In the current set up stock has the potential to rise up to 360 / 400 levels.
Important for the stock not to breach support at 260-266 zone. At current levels the stock provides good risk:reward ratio to go long.
Be cautious & exit Below 258 as that will indicate risks of stock going down to even 220-196 levels.
Take care & safe trading...!!!
P.S : You can find Previous updates on Jet Airways in the links below
SOME TRADING IDEAS FOR NEXT WEEKI ll share in this post some trading ideas along with charts.
These ideas will be personal and purely technical in nature.
Plz. do not take this post as trading tips/calls..sharing just for educational purpose.
However, If you really want to play these ideas, your primary goal should be risk management. Profit objectives will come later.
Discussion, preferably on structure and trade setup, are acceptable in the comment section.
Hope you will enjoy this post as it progresses.
Trade safe, stay healthy.
Hit like, comment.
Regards
Bravetotrade
Reliance: Medium ter viewReliance CMP 1572
The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective...
For the current set up, One may consider the Strategy to
Sell : - Reliance 28-September-2017 Call Option
Strike Price: 1620
Lot size: 500
Premium: 22
Maximum profit potential Rs 11000/- per lot on Margin requirement of Rs 112000/- (approximately 10% yield potential)
The strategy will provide loss protection for rise in stock up to 1642 on September expiry day...
(Thats loss preotection of Rs 35000/- per lot)
We have given important levels to watch out for from medium term perspective...
Do review your trading plan and
Plan your trade accordingly...
Take care & safe trading...!!
Nifty: Sell on rise...Nifty
CMP 9606
Sell on rise will hold true if Nifty stays below 9648 levels on closing basis...
NIfty is at 61.8% Fibonacci retracement level of the fall from 9710 levels to 9448.
& 9648 represents 76.4% retracement level
We look to sell Nifty if it is to get resistance in this zone of 9610-9648
Take care and safe trading...!!!