1 ‘Buy’ and 1 ‘Sell’ Short Term Trading Ideas that could Return upto 10%! No ratings yet.

Intraday Trading Tips

Date Posted-20/12/2018

(1) Marico:

The stock has formed a bullish chart pattern on Daily charts and a Price breakout is visible at 385-390 odd levels. This break out coincides with its 52-week high levels indicating a strong demand building up in the counter. Prices traversing in uncharted territory indicates strong positive sentiment which may continue for a while in this counter. Short term traders shall now focus on buying the stock. Fresh longs may be initiated above the immediate resistance of 396/-.

Technical pattern: 52-week High

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >396 386 410 427

(2) New India Assurance Company:

The stock has been losing positive side momentum since June 2018 and the stock has lost almost 50% since then. MACD, the trend following indicator is continuously trading below the Zero-Signal Line which indicates the inherent weakness in the stock. On Weekly Charts also, the candlesticks show a strong selling pressure from bears, and they continue to trade below the 20, 50 and 10 EMA on all time frames. The stock may still witness a strong supply which may gain push the prices lower.

Technical pattern: MACD Negative

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <191 197 184 173

*The analysis is based on closing prices as per December 19, 2018 and Trading levels mentioned in the above post are valid for next 30 trading sessions

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Author: Traders' Chowk

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