Nippon India on daily chart price breakout from a parallel channel and trading above with did a breakout of 20, 50, and 100 day EMA and now taking a resistance on it's 200 EMA so we have to wait for a crossover of 200 EMA for confirmation of this breakout for going long in this stock with taking a stop loss of 240 resistance below on daily chart for the targets of...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
1. Price taking support of past resistnace
2. Bullish engulfing formation at price reversal point
3. Risk to reward is lucrative
4. Follow candle close for stop loss
Six Key rules in trading (Discipline/Patience/SL&TP/Less trade to make big money/Protect your trading capital and consistency)
We should work on our process, not the outcome of our processes.
The share market always has unpredictable fluctuations. I often make wrong judgments; everyone should learn to manage risk by themselves. Always remember you have to protect...
Reversals Trade is looking in this stock, getting bounce from it's weekly demand zones and broken a falling trendline too, and poised to go up levels i am sharing below.
TARGET AND STOPLOSS
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
BUY NIPPON WITH SL BELOW 255
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NAM India looks good
Fundamentals : Strong, consistent on Sales and Profits, Healthy Reserves Vs Debt Free, High Dividend!
Technicals : On strong support, attempted trendline breakout recently.. Mostly should reverse!
R 1: 280
R 2: 320
R 3: 370
S : 200
NAM; breakout done & it has long way to go ; any one purchase it from CMP for quick 15 percent gains; fundamentally also good; finance sector is also outperforming ;
NAM-INDIA forming ascending triangle on daily timeframe, looks like it is ready for breakout , keep this in your watchlist
TARGET 320
Note:This is only for educational purpose
NAMINDIA - Short-term Bullish
1. Short-term Bullish when it crosses 300.
2. Target will be 340.
3. Looks like more than 40% correction from the all-time high.
4. Stock may recover when the market moves to stable mode.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor...
