It is satisfying all the rules which we follow to take a trade :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the stop loss as intraday is all about minimizing losses and maximising profits !!
Feel free to follow me on Quora (Jago Niveshak) for daily calls and...
The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call.
Target : 3%
Risk : 1%
Risk : Reward : 1:3.
Will keep updated here. Do follow to keep motivating you !
Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
Short Between 380 to 390 On Monday with SL 406
Target 452 in week
Try to Short on Monday With Stop Loss Previous Day High
IF Open above Previous Day high then Wait to Touch 494 then Short with SL 406
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Pull back on TVS Srichakra on EOD and entry 2520 and exit zone 2600 to 2640. Average points to gain 100 and which is 4% of stock value. Duration of holding probably 3 to 5 days.
Note: Suitable for swing traders only.
Based on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for SUNTV
Sell Below: 933.9 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting...