Trading Strategies for 21st September No ratings yet.

(1) Tata Steel: The stock is in an intact uptrend and every high is taken out suggesting high  demand in the counter. The momentum is expected to continue in the near term with bulls over weighing the bears. The specific trade plan for the stock is as follows:

Technical pattern: Fresh High Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >692.5 678 709 721

(2) CG Power: A high rise in OI (open interest) with continuous  fall in stock price suggest rollovers on short side. Below 81 the stock may see further supply. The specific trade plan for the stock is as follows:

Technical pattern: Increase in OI with fall in price

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <80.95 84 78 76

(3) Adani Ports: A bullish pattern on daily charts suggests that any break above 412 may take the stock to higher levels. The specific trade plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >413 404 419 428

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

 

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Author: Traders' Chowk

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