Reliance industries (right issue ),ICICI bank Intraday noon session trades 20 may 2020

Two stocks in the watchlist RIL and ICICI.
There is a news associated with Reliance(Right issue is open today,the stock gained 2% in the morning trade)
Now the stock consolidated in a triangle fashion giving us an opportunity.


The price was below 25 MA and trend line indicating weakness, a good scalping opportunity was seen till vwap.Since there is news associated with the stock it’s better to scalp with what you get rather than trailing and hoping to catch a big trend.

Entry at 1432 stop loss at 1435
And target at vwap,1426
Target done 6 points with 3 point risk.
R:R 1:2.
Since,the stock is in news it’s safe to trade with tight stop and target,the stock might break to the upside!.

ICICI bank trade


Perfect setup,too good to fail setup.There is a head and shoulder ,there is a double top,all averages are down,lower high and trend line break.

      Entry at 300,stop loss at 301 for 297.25 target( day low). This is what happened,my stop loss was hit.


Perfect set up,but failed,and correctly gave a awesome opposite side break out.


Note-only for educational purpose.


Comments

Post a Comment

Popular posts from this blog

Bharathi airtel bullish good above 400.

Bharathi Airtel is bullish for a while now!.It can give a good upside move. Now trading at 382.9. Airtel is a buy at 388 with a stoploss of 380. Target T1=398(above 388) Target T2=425(above 400) sl 388            T3=520 (above 440)sl 425 T2 and T3 have very good risk reward !.So safe traders should focus that!.  S trategy -buy 10 qty at 388,add 50 qty at 400 and add 100 qty at 440.  And don’t forget to book profits if it breaks any supports.Keep trailing stoploss. Note-stoploss is a must dont ever forget that ! I didn't get much time to write last week. you can follow by mail to get latest posts!. Note-this is for educational purpose only! not a recommendation.
Read more

Nestle India medium term and long term investment analysis May 2020.

Image
                 Nestle India     24 May 2020 Introduction Nestlé.SA is a Swiss multinational food and beverage conglomerate. It is the largest food company in the world . ranked 64  on Forbes in 2017. Nestlé  relationship with India started in 1912  importing and sellling finished products. After Indian Independence,the economic policy of India demanded local production and Nestle responded with their first factory in India in 1961. CEO of Nestle India  Suresh Narayanan from 2015 to present. He joined the company in 1999.He has worked with Hindustan Unilver and Colgate before joining Nestle.He has over 30 years experience in FMCG. Nestle India products Nestle India manufactures products under brand names, such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid and Nestea. The company has also introduced products of daily consumption and use, such as Nestle Milk, Nestle Slim Milk, Nestle Fresh n Natural Dahi and Nestl
Read more

Hindustan Unilver medium to long term analysis.

Image
17 May 2020 Hindustan Unilver limited medium term and long term analysis. About Hindustan unilever is an fmcg company in India.It is the Indian subsidiary of Unilver PLC.Headquartered in Mumbai.Established in 1933 by the Lever brothers. CEO of HUL Sanjeev Mehta, Mehta became the CEO and MD of Hindustan Unilever in October 2013, and in June 2018 was appointed as the chairman and MD.HUL stocks even touched a return of  300% under his leadership(2014-present) ( 600 per share to 2600+ at peek).He also heads Unilever's business in South Asia, as cluster president encompassing businesses in Pakistan, Bangladesh, Sri Lanka and Nepal. FMCG  Products by HUL         foods Bru Annapurna salt and atta. Brooke Bond (3 Roses, Taj Mahal, Taaza, Red Label) tea Kissan squashes, ketchups, juices and jams Lipton ice tea Knorr soups & meal makers and soupy noodles Kwality Wall's frozen dessert Modern Bread, Magnum (ice cream) Homecare bran
Read more

Bajaj finance analysis for short term trading.

Image
Bajaj finance,the nbfc stock,the dream stock for an investor produced a return of 890% in the last 5 years (before this correction). It was a dream rally for this stock.But this stock was one of the most affected stocks in this COVID fear. There a few fundamental reasons for this,which I will not be covering here. Here,I am trying to show the important zones to trade Bajaj finance using technical analysis. The 2000 zone was broken and stock gave a strong pull back 2500 zones.This stock if resumes the downtrend can get target at 1600 levels Now even the pullback trend line is broken which again confirms the down move. Smart traders would have sold here.The best thing to do is buy an option 1800pe,1900,or 2000pe strikes,it can turn jackpot if things go smooth. Best strategy would be to hold the option rather then entering in futures with fixed stop,we can definitely do that in important zones,but options can give jackpot with fixed risk. I would
Read more

Kotak Mahindra bank analysis medium term 2020.

Image
 16 May 2020 Kotak Mahindra Bank About the company Kotak Mahindra bank is an Indian private sector bank started In February 2003, the Reserve Bank of India (RBI) issued a banking licence to Kotak Mahindra Finance Ltd, the group's flagship company. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of April 2019, it is the second largest Indian private sector bank by market capitalisation. Kotak Mahindra CEO. Uday Kotak is the CEO of the bank from 2018.Kotak was raised in an upper middle class Gujarati joint-family household with 60 persons sharing a common kitchen under one roof. The family was originally into cotton trading. His two pass times had been cricket and playing the sitar. His talent in mathematics influenced his choice of career. He earned a bachelor's degree from Sydenham College and completed a pos
Read more