Trade setup for ZEEL

29 thg 7, 2020

Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock and can move 5-6% in intraday, sometimes even 7%. There is a high probability that this stock will move on back of high volatility tomorrow as it is near the lower part of the price channel. But if not tomorrow, it will most definitely move in the coming 2-3 sessions and with even higher momentum, so 5-7% returns can be expected intraday. Let's see and let us respect market and let it do its thing and we should do our thing of reacting to it.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market.
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏

30 thg 7, 2020

Ghi chú

ZEEL is looking good according to me and my setup fits how the market has opened, not a huge gap up or gap down

30 thg 7, 2020

Ghi chú

Entered at 143

30 thg 7, 2020

Ghi chú

Down 2.5%. First entry gave around a percent profit, but then once it fell below the level, which I gave for shorting, it is down by 2.3%.