MARUTI | TATASTEEL | TATACOFFEE | COFORGE | DRREDDY : Intraday Trading Guide for Thursday aka 29-July-2021
Indian Stock Market Update on : 28/July/2021
Nifty 50 Closes @15,709.40 with −37.05 (0.24%) ▲ today
Sensex Closes @52,443.71 with −135.05 (0.26%) ▲ today
Nifty Bank Closes @34,532.90 with −264.55 (0.76%) ▼ today
What should you do now for : 29-JULY-2021
Well, these are the Top Most Handpicked Stocks from Nifty Index after going through a Deep analysis for tomorrow trading setup are as follow:- MARUTI | ||
| TARGETS 🎯 | BUY ▲ | SELL ▼ |
| PRICE | 7182 | 7161 |
| TARGET 1 | 7200 | 7143 |
| TARGET 2 | 7219 | 7125 |
| TARGET 3 | 7239 | 7103 |
| TARGET 4 | 7261 | 7083 |
| TARGET 5 | 7283 | 7062 |
| STOPLOSS | 7176 | 7167 |
TATASTEEL | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 1369 | 1359 |
TARGET 1 | 1377 | 1351 |
TARGET 2 | 1383 | 1344 |
TARGET 3 | 1394 | 1335 |
TARGET 4 | 1402 | 1325 |
TARGET 5 | 1412 | 1316 |
STOPLOSS | 1366 | 1362 |
TATACOFFEE | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 217 | 213 |
TARGET 1 | 221 | 210 |
TARGET 2 | 223 | 207 |
TARGET 3 | 227 | 204 |
TARGET 4 | 231 | 201 |
TARGET 5 | 234 | 197 |
STOPLOSS | 215.50 | 214.50 |
COFORGE | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 4743 | 4726 |
TARGET 1 | 4758 | 4711 |
TARGET 2 | 4773 | 4696 |
TARGET 3 | 4790 | 4679 |
TARGET 4 | 4808 | 4663 |
TARGET 5 | 4825 | 4645 |
STOPLOSS | 4738 | 4731 |
DRREDDY | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 4745 | 4728 |
TARGET 1 | 4759 | 4710 |
TARGET 2 | 4770 | 4698 |
TARGET 3 | 4790 | 4680 |
TARGET 4 | 4810 | 4660 |
TARGET 5 | 4830 | 4647 |
STOPLOSS | 4740 | 4732 |
How to Trail your Stoploss?
This is a secret part for a Professional trader to get Partial Profits or Trailing Stoploss Profits. The Best Part of this Strategy/Our Call that it will always end up with Consistant Profits rather than taking a big loss.
👍Let's Understand this Concept with an example :-
✔️Suppose One of our above trade is activated @42 where Target 1 - @ 45 , Target 2 - @ 47 , Target 3 - @49, Target 4 - @51 & Stoploss - @ 39 However if the First target reaches Target 1- @45 Book 50% Profit of your Quantity Example:- Out of 100 book 50 Quantity as at the Moment Profits and Rest 50 Quantity trail to just below the Target 1, Around @43.
and you can also book 75 Quantity or You can book full if your Quantity Amount is too big. It actually depends on your Greed or you can say Patience Power. In second scenario if Buy/sell price jumps then you can also take that trade & best part of it is that target and Stop loss will be same ! Avoid Big Gap Up/Down (like 1%) Opening if its Near Target 1 for buy/sell side. Suppose If It's a Big Gap Up opening then wait for the Sell Side Trade! Same goes for the Gap Down Opening then wait for the Buy Side Trade!
Precautions For Intraday
✔️After taking any positions from the given trade above always Trail your Stoploss to cost if it moves to the direction of the buy/sell target so trail your Stoploss to cost . What will be the price if you don't know how to trail? Then here is an example suppose I gave a buy position to buy a stock @503 and stoploss @501 if it moves upward above @505 or the difference between the buying price and the stoploss price just substract it like (503-501= 2) so now your trailing stoploss came to your buying price likewise If it moves of 2 points Upwards Trail your stoploss just below 2 Points & exactly same goes for the Sell Side.
✔️ However if Your Stop loss got Hit after taking a particular stock's trade then take the next trade on or after 9:30am.
✔️Always Check Market Depth for Buying & Selling Quantity for better knowledge & it will also help you if their is any institutional traps or operator traps !! For example If one of our trade activated on buy side but market depth is showing selling pressure with high quantity for selling so simply it's a trap and wait for Sell side entry.
✔️ Stock Market always demands a sacrifice & here sacrifice means money, it also takes Time, Efforts, Patience, Study, Hard Work & Knowledge to make sure the Worthiest One can take profit & Remaining the rest is your luck.
Golden Rules For a Professional Trader?
1.Always use your safe CAPITAL if you are willing to loose.✔️2.Wait for the right OPPORTUNITY. ✔️
3.PATIENCE is the right key to SUCCESS. ✔️
4.Think Big NOTHING is IMPOSSIBLE. ✔️
5.After getting PROFITS exit your trade & only use your profit amounts for the next TRADING SESSION. ✔️
Conclusion
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Thanks a lot for viewing this Post! We Hope this above Paragraph can help you to take Perfect entry please Comment below if you need any help regarding to the Intraday. we will also update about our targets in the below comment section. If you got any Suggestions/Opinions feel free to drop a comment below!
Let's Talk about Today's Performance :-
ReplyDelete1. MARUTI : BCZ Of Gap-Down Trade opened on Target 2 & gave Below Target 5 @7062 with extra 100 Points But unable to take any profit.
2. TATASTEEL : Buy Side Above Target 5 @1412 Achieved with Extra 69 Points Ended up with a 🌟BONUS TRADE🌟✔️
3. TATACOFFEE : Buy side Trailing Stoploss Hits @Cost & Sell Side Target 2 @206 Achieved and Ended up with a 🌟BONUS TRADE🌟✔️
4.COFORGE : GAP-UP Opening and it Already Opened at Buy Side Target 5 @4825 and gave extra 350 Points but Unable to execute our Trade!
5. DRREDDY : Sell Side above Target 1 @4759 & Sell Target 4 @4660 Achieved & Ended up with a 🌟BONUS TRADE🌟✔️
Hope your day gone with profits bcz Metal sector just blasted upwards and Tatasteel buyers would have ended up with big profits