CGCL trade ideas
One Right Trade's Swing Trade Idea #190 : Long on CGCL This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
CGCL- Potential Breakout BuildupMultiple Tests of a resistance level makes that resistance Weak .
It came back to this resistance 5th time and the beautiful thing is that now price is sticking to its resistance.
If you look properly price was never sticking to resistance but now it is.
A potential accumulation is going on and once its closes above 230 with some better volume party should begin.
Keep an eye folks. Cheers.......
Disclaimer:- I am not SEBI registered. Please trade with your own risk.
CGCL // BONUS DAILY SWING CALL // LONG
NSE:CGCL
Call for Monday 10th of August 2020 // This is a swing trade call and not an intra-day trade //
NSE: CAPRI GLOBAL CAPITAL // CGCL
CMP / LTP: 205.3
IDEAL BUYING RANGE*: Within 1-2%
TARGET: 246+ (20% Above)
STOP LOSS: 184 (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.
- 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)
- This is a swing trade call and not an intra-day trade
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
I have a position at 143 and i added more at 152CGCL has been showing strong price move and it is sustaining at higher levels. Revenue and earnings have been accelerating at a good pace since the past three years. The stock has seen record volumes in March 2019 of 14 million shares, the highest since its listing. The continuous price strength with record volumes in March and accelerating sales and earnings, we may have a super performer in the making.