Wheretoinvest
Britannia upwards. Buy for a good profits of 100-150 at CMP.Intraday call has hit the target now target the positional call.
Entry: 3840-3850
Target: 3950-3990
SL: 3790
AdaniPorts 2% profits can be seen in intraday tomorrow.Hi Traders!
On upmove we can have a profit of 2 percent in intraday above 315 or by shorting below 301. Wait for the trade confirmations!
Dr reddy can take a further upmove uptill 3750Monthly, weekly and daily charts present a clear bullish trend while forming the Inverse Head and shoulder pattern. Lately the stock showed a good upmove with a long candle breaching the monthly resistance and reaching 4300 level.
Entry can be made for a Long position at current price: 4300-4320, with target of 4750, and SL of 3900.
Asian Paints to trade sideways. Strategies:-
Intraday traders
Buy/Entry : Trigger Price: 1672, Buy Price: 1688, Target Price: 1724, Stop Loss: 1770, (*Trailing stop loss with step of Rs 4)
Positional traders
Buy/Entry : Buy Price: 1668-1672, Targets: 1724-1761-1791. * Do not put stop losses here. If stock breaches 1665 and continue to move downwards do not panic. Next buy level is 1622 and 1596. These are very strong supports. The Stock is expected to move back to 1826 within two weeks time.
Note : Intraday Traders who prefer to short sell, rather than buy trades, may follow below strategy only if stock opens between 1696-1702.
Sell/Exit : Sell Price: 1698-1702, Stop Loss: 1725, (*Trailing stop loss with step of Rs 4). Target Price 1668-1674
ONGC to trade sidewaysHi Traders!
Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits.
This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their profits. Calculate your cost of trades to find out the break even below placing orders. There are a few scenarios and place your order according to the scenario that you observe in market tomorrow.
Current close: 82.40,
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Scenario 1:- Market opens between 81.70 and 82.40.
Strategy: Trade only after first 5 minutes.
Short Selling If price breaches 81.70 then wait for a fall and sell @81.45, Target 80.35-78.75, SL@ 82.20
Buy/Positions If price touches 81.70 and pulls up back then buy @82.00, Target 83.20-84.60, SL@ 81.70
Scenario 2:- Market opens at or below 81.70.
Strategy: Follow Short Selling strategy (Case 1) of Scenario 1.
Scenario 3:- Market opens at or above 82.40 but below 82.90
Strategy: Buy @82.40-82.75, Target of 84.60, SL@ 81.70. If price struggles to cross 83.50 by 1p.m then sqaure off your positions at 83.35-40-45-50.
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For positional traders, The ONGC is expected to trade sideays for a few days.
Folowing is your entry point and short term targets for this stock.
Scenario 1: Trigger Price: 80, Buy Price: 80.40, Target: 82.40, - 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
Scenario 2: Stock doesn't correct: Buy Price@ 82.00-83.00, SL 81.55, Target: 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
Buy Maruti at dipsMaruti is expected to take a small pull back downwards till 5870. So Start taking positions from 5945-5920-5895-5870 (Start taking positions from higher price, so that you do not miss the chance of entry in case price shoots high suddenly). The Maruti is expected to touch 6420.
A very small percentage of your allocation can also be invested at current price around 5990.
Entry range 5870-5990
Target price: 6420.
SL: 5848
Once again ICICI BANK can breakthrough all bulls expectations.ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock.
Upwards:-
Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once.
Entry point: 388, SL: 378, Target: 400 (Intraday), 414 (within 2 days), 434 by next week.
The stock is exhibiting uptrend and should achieve the targets as quoted above.
Downwards:-
The next level/support is 343. The long positions can be squared off at 372 in case of downward move(not in case of gap down opening, hold for pull up in this case and then consider this whole strategy). You could short ICICI bank to see intraday lows of 354 or 343 within next 2 days.
SBIN to breakout: Much above support and far below resistance.Hello Traders, this one is positional trade strategy.
SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance.
If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280.
These levels are expected to be reached in sudden jerks. Thus I suggest positional trades here.
Entry 204, Target: 244-248-280.
No SL required for positional traders.
Entry: 206, SL: 202.50, Target: 224-230-244 for Intraday traders.
Intraday traders should enter only when they see great momentum from 201-204.
Best time to enter HDFC Bank.HDFC Bank would be the best investment of your all trades in past and this year at this time.
Positional Traders:
Buy at whatever price. Targets: 1200 within 10 days, 1300 in a month, 1400 in a quarter and 1600 by year end.
Intraday traders:
Upwards movement - Entry/Buy Price: 1125-1140, Target 1166-1191-1220.
Downward movement - Despite that it would be short lived but if stock opens downwards, and breaches 1107 short it for target of 1089 -1067.
Note:- HDFC Bank will bounce back up, so traders if shorting should place cover orders (also called as bracket order).
HDFC BANK has very high potential and can be your jackpot stock.HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock.
Upwards :-
When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up, wait for it to touch 1185.20-1187 post which I expect a pull back to 1172-1173 level. That is your entry point.
Entry point: 1172, SL: 1152, Target: 1248 this week, 1297 next week.
The stock is in strong uptrend and should achieve the targets as quoted above.
Downwards :-
If HDFC Bank moves downwards, I strongly suggest to keep away from cancelling your positions if you have held. You could short HDFC bank to see intraday lows of 1121 but the HDFC bank is targeted to move upwards in a weekly time frame.
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Notice for Intrday traders: I strongly advise to keep away from HDFC Bank in intraday trades. For maximum benefits go for weekly/short term holding if the stock follows Upwards movement as mentioned above. In case of downwards trend, the support lies at 1067 and you could expect that level only if price breaches 1107. Since the gaps are high, I suggest intraday traders to keep away from speculation for two weeks. Incase you want to trade on volumes, one can trade in futures of HDFC Bank with atleast 3-4 weeks expiry date in future.
