ALKEM trade ideas
BONUS DAILY SWING CALL For Tuesday 8th of September 2020NSE:ALKEM
// DAILY SWING CALL (Not an Intra-day Call) // Tuesday 8th of September 2020 // Buy when INDIA VIX < 19.5
CMP / LTP: 2819.75
TARGET: 3382 (20% Around)
STOP LOSS: 2537 (10-12% Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-
5%range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Disclosure: I may or may not have a position in this trade.
Can go long on ALKEM above 2895#Swing Trade: Can go long on Alkem above 2895 with an SL of 2825.
Can see 2975 and 3090.
ALKEM Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Bearish trend is required to be arrestedThe current bearish trend will possibly arrested if it manages to close above 2412 tomorrow and remains above 2400 for acouple of days. In such a case a near term target of 2600 is seen. Strong support is at 2300 but I hope 2378 will hold.
Alkem Labs - Potential Reversal Stock tested the golden ratio on the fibo which also happened to be the 200EMA and bounced off.
It could be the end of the pullback.
Long above 2435
SL 2375.
not looking bad for 3500! keepon radar!Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
