PEL I traded today and again will enter tomorrow.
The price entry remains CMP: 2782 or wherever I can catch it after 9:20. In case of downward move the 9/21 EMA rejection on 75 minute chart will be my entry point around 2730.
No complex logic. Prie action and volume momentum
Tata Motors has exhibited clear upmove graph. Post Inverse head and Shoulders formation it has given a breakout. Now I am certainly entering the trade with following strategy.
If stock continues non-stop upmove:-
Then I will enter the trade when it crosses above 329 around 330
If the stock consolidates:-
And takes a rejection at 9 EMA...
My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph.
Has been moving up constantly after the infamous covid market crash.
My trade is as follows:-
Entry price: 442
SL: 428 (Daily stop loss)
United spirits again has displayed good momentum, in price and volume both.
I would enter the trade but the entry levels depend on 9 EMA for daily chart.
I would keep an eye on the stock and wait for some consolidation before it takes the next upmove.
For traders with moderate risk appetite, this can be a good trade.
Has shown volume, volatility, and momentum on all time frames.
With RR of 1:1.5 I would trade it as follows if it shows a strong upmove in 15min chart and my levels would be as follows:-
Entry price: 576
Hello traders for the above reason this looks like a good candidate.
I would attempt the trade for further 10% upmove.
Entry: when stock crosses above 47.80 under 48.10, I would buy.
Escorts seems to be forming a good bullish up move.
It can be traded as follows:-
Entry price: 1375-1395, wherever we can find the entry.
Target price: 1495
Please note that the SL is a daily SL.
Escorts has displayed a decent sized green candle supported by volume candles. Before that it also retested 9 and 21 EMAs. It has...
I would buy 10,000 shares of MAHABANK at CMP: 19.05.
Then I would sell 50% quantity at 25.55 and 25% at 30.85.
The remaining 25% I would leave as it gets free. It looks like a good share as its CCI is moving upwards and so is RS14.
Also it has recently given good volume and price upmove.
Lets see how it goes.
I will still keep my SL placed at...
I see the stock has moved down after giving. head and shoulder pattern. I believe this downward move will continue and thus we can enter this downfall as follows:-
Target 1: 2618
Target 2: 2378
Sell on rise strategy.
Whenever it touches 21 EMA we can go short on the stock.
To do this we will either buy PE 3000 or
we can sell CE 2800 or...
ACC looks bearish from all the time frame charts.
To trade the bearish side we need to either sell the future or we need to buy put options or we can sell Call Options.
1. From Call side the only viable strike price is that of 2200 CE 26th August (LTP 181). One can sell this option above 150.
2. And another way is to buy deep in the money Put...
Varun Beverages has given a good breakout candle on 75 minutes and daily chart. It has been bought with huge volumes.
I recommend trading this stock as follows:-
1. Daily SSL is 770. Meaning if stock trades below 770 at closing time then we exit our position.
2. Enter 40% quantity now at CMP. Enter 30% quantity at 800 and enter 30% at 785. I...
Mahlog can be traded for some small profits as per below conditions.
If it touches its support around 694 and bounces back above 700 then we can enter the trade for a target of 749.
If it reverses from current level and close above 721 in 75 minutes or hourly chart then also we can enter the trade for a target of 749.
After entering the trade our...