DAILY SWING CALL // Thursday 14th of January 2021 / NSE:MAGMA
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 45.05
TARGET: 52 (15% Around)
STOP LOSS: 40.5 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
@Amit_Padishalwar, Thank you for your reply. I count 8 such lines. So which other EMAs do you use besides obvious 200, 100, 50 & 20?
Amit_Padishalwar
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@Vikaslohia, EMA 20-25-30-35-40-45-50-55 // It's a standard EMA Ribbon which I use from the TV Library, but that's not the only technical indicator which I use for analysis.