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ad11patankar
Jun 27, 2020 2:41 PM

Intraday / Investment Pick 

HIKAL LTDNSE

Description

Stock tested 200DEMA & moving up.
If stock sustained above long term resistance zone then this can be good short-Medium term pick

Stock's high vol accumulation and lower time frame bounce gives a good trading opportunity.
Use 30min time frame for trading this stock.
Levels mention on charts for short term bounce play.
As of now Risk Reward ratio 1:2/2.5
Do not chase the stock for intraday if Risk Reward is not favorable.


Long term support and Resistance clearly mentioned on charts.

Closing above LTR will trigger sharper up move till 152 levels.
Keep on close watch.

Comment

Stop loss hit today.
I'm not triggering the stop loss today.
I'm looking/ waiting for Closing below support level.
Today's move backed by solid volumes but that too did not push stock down below support zone.
Inverted Hammer.
Either this is the shakeout candle or we close below support zone tomorrow .

Comment

let's see what happens here..
tomorrow's closing might confirm about further moves
As I said keep stop loss on closing basis,otherwise stops will get hit more often

Comment

testing my patience.
Hope for Best.

Comment

started moving.
Hold now.

Trade closed: target reached

YeY..!

Comment

Reaching close to my Long Term target . Enjoy profits

Trade closed: target reached

All target hit .
Comments
JPCorp3
current update plz
ad11patankar
@JPCorp3, Stop loss been hit. Volume is present today.
einstein9889
@ad11patankar

So what is now the next for tomorrow and upcoming week,
ad11patankar
@einstein9889, for this particular stock?

I'm holding on. Stop is closing below support zone,last 3 days even after good volume it's not breaking.
Cash markt stock are not easy to grasp,they are bit Moody.
Have you keep stops dynamic, otherwise they'll get hit more often.
If you are talking about new pick then I'll post something on weekends. I'm not comfortable with this market level's,they are unjustified.
Trade with caution.
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