STEEL STRIPS WHEEL: 8 Months Channel Breakout! 🌋Trendlines and levels are marked. Volumes are great and good enough bullish candle is formed in daily TF.
SSWL trade ideas
Techno Funda Pick // Charts and results indicates bumper upsideDaily Swing Call for 12th of October 2020
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade. //
NSE: NSE:SSWL
CMP / LTP: 482.75
IDEAL BUYING RANGE*: 470-490*
TARGET: 580+(20% Around)
STOP LOSS: 424 (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 optimised.
- 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 and is an indicative period, 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)
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade / invest at your own risks.
STEEL STRIPS WHEELtargets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Intraday PickLevels mentioned on charts .
If someone want's to know logic behind the trade then please comment .
If possible then avoid trading entirely for next 2 sessions.
We are reaching to overbought level's.
Today's end of the day data is not positive as per my analysis.
Do not chase any trade tomorrow.
If price moves up then just skip the trade and wait for better setup's.
SSWL- on a downtrend?Looks like SSWL will reach 1200 from where it will move up.. time to accumulate it??
