Trade 9: BANCOINDIA

Buy BANCOINDIA

BUY = 105

STOP = 85

TARGET 1= 150 , TARGET 2 = 180

-----------

Weekly Chart of BANCOINDIA

Why BANCOINDIA is a Buy?

The price zone of 105 to 120 is a major resistance zone for bancoindia, since July 2019.

The stock witnessed some serious consolidation in the last few weeks.

A breakout is possible if momentum sustains.

Once the price level of 120 is pierced, the target of 180 seems possible.

But the target of 150 is well within reach.

Therefore, we have provided two targets that are 150 and 180.

Partially profit booking should start from 150.

This stock is a buy at 105 with a stop of 85.

The first target is 150 followed by a second target of 180.

Comments

Trade 4: CSBBANK

Buy CSBBANK with a stop of 220 BUY = 255 STOP = 220 TARGET 1 = 300, TARGET 2 = 330+ Daily Chart of CSBBANK Why CSBBANK is a buy? This stock was trading in the range of 215 to 235 since mid-August, 2020. On November 6, this stock closed at 255. Thereby giving a breakout. This breakout is backed by a solid consolidation of about 3 months. This stock can be expected to touch a level of 300. At the level of 300, it may further consolidate before moving again upward. Our second target is 330+.

Trade 12: CARERATING

Buy CARERATING Buy = 530 Target = 700 stop loss = 480 1 Day chart of Carerating Why carerating is a buy? The stock is consolidating for the last 30 days. the price level of around 530 is a critical price zone. once, it breaks the level of 560, the next target maybe 700. overall, based on other parameters, this stock is a good buy with a pre-defined stop of 480.

Trade 18 : TVSMOTOR

SHORT : TVSMOTOR Stoploss = 753 Sell Price = 741 Keep trailing SL, when the trade goes in our favor. ( To see the exact trail SL, do check google sheets) 1-Day Chart of TVS MOTOR

Indian stock market - Swing Trading

Search This Blog