Positional Trading tips and ideas by Traders for Traders – May 2017
Here are some positional trading tips and ideas by experience Traders.
#1. STATE BANK OF INDIA (SBIN) – Long Candle Breakout – BUY
On the daily chart, it is observed that the price action breaks above the downward trend line, indicating a good bullish movement ahead.
Target: 298, Stop loss: 285.
Please do your due diligence before executing these trading tips
#2. TCS- Buying at channel bottom – BUY – Strong Positional Trading tips
Buy in the range 2300-2320 with stops below 2250.
Once it gets momentum, put a trailing Stop loss
#3. Hexaware – BUY CALL
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Once it crosses 237, it is part of ongoing 5th minor wave which started in 2009.
Likely, 5th minor should travel close to 335-350 zone.
We will look for support between 220-225 which is cloud top edge or moving above 237. So, any buying opportunity shall be either in 220-225 range or above 237.
Time Frame: Monthly
CMP: 98.4, RSI: 63
It has made a triangle breakout with Bullish Bollinger Band Expansion. It is looking very bullish.
Target: 120/150/180+, Stop Loss: 95 which can be trailed.
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DISCLAIMER : Please do not trade these calls only on the basis of personal views here. Make sure you do your own research and please use proper risk management.