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DILIP BUILDCON - BULLISH SIGNDBL CMP 1114 Target 1280 plus Stop 960. Daily Chart 1) Stock has bounced back convincingly after a long period of cup based consolidation. 2) Stock has also bounced back from 30 day ema support. 3) Relative Strength bounces back from support. Strategy Aggressive traders can buy at CMP. Conservative traders can buy at possible retracements around 1170 to 1115 levels; but should be prepared to miss out if rally continues without retracement. Target 1280 plus and Stop at 960.
NSE:DBLLong
by scorpiomanoj
Pfizer - Target 2700-2800 in 10 MonthsPfizer, probably the only pharma company in India that is going to make a new high. The pharma sector in India is in a bear territory for the last couple of years. Having found a stock in this sector that is yet to make a top is like finding light in the dark. It's good news for those who have significant exposure in this sector. It's not going to do much for them but something is better than nothing. But one must get rid of this stock as soon as it touches the level of 2700-2800, do not get optimistic when it does that. I repeat do not hold it beyond those levels.It will be too risky. When time is up, it's UP !
BSE:PFIZERLong
by UnknownUnicorn2595495
2
HINDALCO - A SHORTING OPPORTUNITY Hindalco CMP 220 Target 180 Stop 237 APART FROM THE TRADE SETUP, I HAVE ALSO EXPLAINED THE MOST IMPORTANT ASPECT WHICH IS POSITION SIZING AND RISK MANAGEMENT. THIS FORMS 80% OF A TRADING STRATEGY AND THE BALANCE 20% IS THE TRADING SETUP. FOLLOWING THIS WILL INCREASE THE PROBABILITY OF SUCCESS IN TRADING BUSINESS. Higher time frame (weekly). 1) Stock has breached 30 ema. 2) Stock has breached the previous weekly support zone of 220. 3) Falling RS confirms the beginning of a possible downtrend for this stock. 4) Next weekly support zone is 180. Intermediate time frame (daily) 1) Stock has breached 200 ema. 2) Stock has also breached the support zone with good volumes. 3) MACD / RS etc are pointing towards a possible continuation of downtrend. Lower time frame (hourly) - Trade entry time frame 1) Wait for the price to come to the value zone which is between 20 ema and 30 ema. 2) Once the price is into the value zone, next step is to watch out for a trigger to enter a short position. Trigger is a bearish candle which could potentially be identified by confirming stochastic 533 crossunder above 50. In all probability that should rest somewhere around 229-230 making it as the ideal entry point for a short trade. Position sizing and Risk mgmt: 1) Assuming trading capital of Rs 10 lacs. 2) Assuming risk appetite is 5% of trading capital, which is Rs 50,000. 3) NRML Margin required for this trade = Rs 1 lac. 4) Loss willing to accept as per stop loss = (Stop price - Entry price) X Lot size = (225-237)*3500 = Rs 42,000. Since this is less than the risk appetite, ie item 4, this trade is ACCPETABLE. 5) In other words, Risk appetite = Rs 50,000 Entry point = Rs 225 Stop = Rs 239 Risk = Rs 14 per 1 stock (not 1 lot). Number of stocks permitted to enter as per risk appetite = 50,000 / 14 = 3571. Futures standard lot size = 3500 Since futures lot size is less than no. of stocks permitted to trade, this trade is ACCEPTABLE. Hence, no. of lots permitted to trade with a capital of Rs 10 lacs is 1. Exact capital required to trade this setup = Risk X lot size X no. of lots / Risk appetite % = 14 X 3500 X 1 / 5% = Rs 9.8 lacs. ie, FOR EACH LOT AS PER THE RISK APPETITE OF 5% OF TRADING CAPITAL, RS 9.8 LACS IS REQUIRED AS TRADING CAPITAL.
NSE:HINDALCOShort
by scorpiomanoj
IDFC - SHORT AT EVERY RISEIDFC CMP 49 TARGET 35 STOP 59 Monthly Chart: 1) Series of LHs and LLs reflects a bearish big picture on this stock. Weekly Chart : 1) Stock has breached 200 period ema at around 55-57 and post consolidation for several weeks has breached previous swing low at 50. Daily Chart : 1) Stock has breached 200 day ema at around 54 and had formed a bearish triangular pattern before breaking towards 49. 2) Stock could retrace back to 50-51 levels on account of some shorts getting covered, which could be the ideal level to go short in this stock. All levels spot. Please adjust for futures. Monthly chart displayed. Weekly and daily chart can be verified for the above commentary.
NSE:IDFCShort
by scorpiomanoj
Tata Motors - Bright / Not Bright - Short term shortingTata Motors - the stock is treading lower with every passing week and will continue to do so until November of this year. What has to be seen is the price level.We are expecting around 280, however, the carnage could take it lower, depends on how hard the FII are involved in the selling. But we believe the low of Feb 2016 @ 266.00 should not be broken. Because if it does then the future of Tata Motors is bleak for coming 6-7 years. And in my personal opinion Tata Group is the best Indian company with least to no manipulation of its stock prices.
BSE:TATAMOTORSShort
by UnknownUnicorn2595495