Nseindia
long OPPORTUNITY IN TITAN BEARS SEEMS TO BE TRAPPED
WHY NOT BENEFIT FROM THEIR STOP LOSSES GETTING LIQUIFIED?
AFTERALL TRADING IS A ZERO SUM GAME, PROFIT OF ONE = LOSS OF ANOTHER.
SOME FACTS -
*PRICE MAKING HIGHER HIGHS ON WEEKLY AS WELL AS ON DAILY TIMEFRAME.
*PRICE TAKING SUPPORT ON THE PREVIOUS RESISTANCE MULTIPLE TIMES ON DAILY CHART AFTER EVERY RECENT UPWARD BREAKOUTS.
AMARAJA Battery Industries - LONGThis stock is showing a Bullish Set up on the Weekly Charts based on the Dynamic Indicator. This got on my radar as it is creating a few confluences:
1. Setting up of Long on DYNAMIC Indicator (Proprietary)
2. Stock created a 52 Week High most recent week
3. Stock created a new 3-month High in most recent week
Trade Idea:
Entry on Monday Open (30-Nov-20)
Initial SL - A comfortable multiple of ATR(14) or ATR(20). ATR is calculated on DAILY Chart. ATR(14-Day) is to be used as an example.
I suggest using a 4x minimum. Example calculation for SL : Low of Last week - 4*ATR(14)
As of Closing on 27-Nov-20:
ATR(14-Day)=28.23
Low of Week=862.05
Initial SL=862.05-4*28.23 = 805
Target - No Target - Momentum Play
Trail SL - After 4 weeks, keep trailing every week as:---- Low of Week - 2*ATR(14)
Holding Horizon - Up to 6 Months.
VINATI Organics On weekly chart looks bullishNSE:VINATIORGA
Have a closer look at price and volume you will notice there is definitely good strength in this stock.
Stock looks good for at least 3Months to 1Yrs holding.
I will not suggest any buy or stop loss level from here. You decide it as per your Risk Management. Best ways to ask it to chart itself.
Also note, Do take advise from your financial adviser before investing.