AWHCL trade ideas
AWHCL : STRONG BUYFOCUS STOCK - Stocks with Strong Buy
Buy@CMP
TGT is 450 but hold it for long
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
High probability trading : Antony Waste Handling Cell LtdNSE:AWHCL
Antony Waste Handling Cell Ltd:
Fundamentals: Majorly waste management company based in Delhi and NCR region. Swacch Bharat Mission adds up great value to the company.
Technical: Price has given Gap down opening few days before this is due to major investor has sold his position in the company. However,the theory says that the Gap will be closed in further days which we are accepting and taking a long position
MAJOR REASON FOR HIGH PROBABILITY TRADING
EMA: The stock is very close to its 100 days EMA
Stochastics: Stochastic is in an oversold region which shows that we can go long position on this. (Below 20-Oversold)
For all these reasons we consider it as High probability trading.
Long position can behold till 395 and Stop loss is at 340 level with making Risk to Reward Ratio of 2 which is good money management in trading.
watch for W pattern breakoutbuy above 350 @ neckline breakout (little risky)
safe buy above 362
buy can be initiated for both intraday and swing trade
small resistance around 380.
keep sl at 330 for swing trade
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.