Dear friends
I recommended following stocks for study for 08 july 2020
- IGL
- M&M Finance
- BANDHAN BANK
traded capital 100000 for each stock
IGL bought at 417.15 with sl of 407.45 qty 240. Market was in negative mood today. Trade closed at 3 pm at 409.85 . Net loss in this trade Rs.1752.
M&M Finance buy trade activated at 205.45 with SL of 200.55. Qty 487. At 3 pm closing price was 202.4.. Net loss of Rs. 1486 on traded capital.
Bandhan Bank buy trade activated at 391.85 with SL of 383.6 Qty 254. Sl hit . Net loss Rs. 2096
over Loss today Rs. 5334.
In morning hours when trades activated we were in profit of more than Rs 4000. but after some time selling appeared and in afternoon market direction changed.
Loss is part of intraday trading and no strategy can give 100 % sucess rate. lets continue our study..
Happy trading.
STOCKS FOR 09 JULY 2020
-ZEEL
-INDUSIND BANK
RULES FOR TRADE
1. Trade order shall be placed at 9.30 am sharp
2. we will buy only if first 15 min high is broken and sell only if first 15 min low is broken.
3. Stop loss will low of first 15 min in case of buy and high of first 15 min in case of sell trade
4. Allocate equal capital to each of the stock.
5. Hold trade till 3 pm or if SL Hit
Keep It Simple and Stupid.
No complication.
BASIS OF STOCK SELECTION
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Disclaimer..
I am not registered with SEBI under SEBI (Research Analysts) Regulations, 2014. As per the clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”..This is not a recommendation for trade and posted for educational purpose.. I am not responsible for any loss..
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