Trading Strategies for 12th Sept No ratings yet.

(1) IGL:  The stock has maintained a constant momentum since last few months. It is trading near fresh 52-week high which suggests the momentum in the counter is to be continued in the near term. The specific trade plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >1435 1400 1459 1477

(2) Divis Lab: The stock in the past have fallen from 1200 odd levels to almost 600 levels in past 6 months or so. After a 50% fall in stock price, the stock seems to form a temproray base and a daily bullish candle suggests that the demand in the counter may continue in near term. The specific trade plan for the stock is as follows:

Technical pattern: Base formation with Daily bullish candle

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >780 752 805 815

 

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Author: Traders' Chowk

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