My trade setups

[Anurag N]

ITBEES (Underlying IT sector)

Trade Status: Active

Trade Type: Long

Success Probability: 92%

Reward-to-Risk Ratio: 0.83

Time Frame: Weekly

Entry Price: 36.13

Target Price: 37.98

Stop Price: 33.90


WHY THIS TRADE

IT sector has already corrected around 15% from its highs. This should show some rally now with overall market strength or in case of sector rotation. In such scenario the overall sector index looks better than individual stocks. Not going to invest big here (most of the focus is still on the stronger sectors). This looks good to park 5% of total account for now. If it performs as expected, then I will scan for strong names in this sector.


ENTRY REASONING

This did a successful retest after around 20 bars. High chances of regeneration till next resistance


TARGET REASONING

Primary target would be near the first big resistance. If it gives a b/o from there, then I will target the highs


STOP REASONING

Failing the weekly SPH test

Note: I am entering here as I do not have any IT positions in my portfolio. I am putting only a small fraction of my account (5% to be precise). I would not be taking this trade if I already had IT names in my portfolio.

 

[Anurag N]

UBL

Trade Status: Active

Trade Type: Long

Success Probability: 67%

Reward-to-Risk Ratio: 0.95

Time Frame: Weekly

Entry Price: 885

Target Price: 995

Stop Price: 768.80

Monthly-

Weekly-

Daily-

WHY THIS TRADE

FMCG has regenerated after a long time being stuck in range. It is expected to rally, at least in the short term. This stock has b/o on long term range and retesting on shorter term


ENTRY REASONING

Retesting SPH on weekly TF. Price near strong support as well.


TARGET REASONING

Back to the highs for now which has some strong resistance


STOP REASONING

Failing weekly SPH test

*Disclaimer- The stock information provided is for educational purpose only and are not recommendatory. Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

[Anurag N]

NEWGEN

Trade Status: Active

Trade Type: Long

Success Probability: 72%

Reward-to-Risk Ratio: 0.95

Time Frame: Weekly

Entry Price: 885

Target Price: 995

Stop Price: 768.80

Weekly-

Daily-

WHY THIS TRADE

IT sector has already corrected around 15% from its highs. This should show some rally now in case of overall market strength or in case of sector rotation. This is a very bullish stock on long term and it is retesting multiple SPHs on multiple TFs


ENTRY REASONING

Retesting multiple SPHs on multiple TFs. Price near strong support as well


TARGET REASONING

Back to the highs for now which has some strong resistance


STOP REASONING

Failing all the daily and weekly SPHs


*Disclaimer- The stock information provided is for educational purpose only and are not recommendatory. Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

[Anurag N]

ADANIENT

Trade Status: Active

Trade Type: Long

Success Probability: 67%

Reward-to-Risk Ratio: 2.23

Time Frame: Daily

Entry Price: 3244.05

Target Price: 3880

Stop Price: 2959.40

Weekly-

Daily-

WHY THIS TRADE

Nifty 50 is quite bullish. it is doing a retest currently on short term which should get bought. Metal sector is one of the strongest sector out there. This stock is a great mix of these two. This is a very bullish stock on its own. This has recently given a big b/o and now it is retesting it. If it successfully regenerates from here then it should give another rally which can go near its all time high.


ENTRY REASONING

Retesting multiple SPHs on multiple TFs. This is also supported by multiple high vol anchors


TARGET REASONING

Near the ATH


STOP REASONING

Failing all the SPH tests and penetrating the high volume bars

*Disclaimer- The stock information provided is for educational purpose only and are not recommendatory. Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

[Anurag N]

PRICOLLTD

Trade Status: Active

Trade Type: Long

Success Probability: 67%

Reward-to-Risk Ratio: 1.04

Time Frame: Daily

Entry Price: 432.70

Target Price: 496.98

Stop Price: 370.90

Long term-

Intermediate term-

Short term-

WHY THIS TRADE

Auto is one of the strongest sector right now. It just refuses to take any kind of correction, even when he overall market is getting corrected. Need to have some Auto position in my portfolio. This one looks pretty solid. Long term is very strong bullish. On the other two time frames this is doing a retest.


ENTRY REASONING

Retesting multiple SPHs on multiple TFs. This is also supported by multiple high vol anchors


TARGET REASONING

Daily Fib projections


STOP REASONING

Failing all the SPH tests and penetrating strong support areas followed by a b/o of daily SPL

*Disclaimer- The stock information provided is for educational purpose only and are not recommendatory. Investments in securities market are subject to market risks, read all the related documents carefully before investing.