Intraday Trading Strategy – 1
Ashok Leyland Limited
Buy Ashok Leyland Limited at / above 115.6 Targets: 118.5 – 120.8 – 123.5 – 126.5
Stop loss — 112.5
Sell Ashok Leyland Limited at / below 112.5 Targets: 110.5 – 108 – 105.5 – 102.8
Stop loss — 115.6
Intraday Trading Strategy – 4
Housing Development Finance Corporation Limited
Buy Housing Development Finance Corporation Limited at / above 1786 Targets: 1793 – 1805 – 1815 – 1826
Stop loss — 1774
Sell Housing Development Finance Corporation Limited at / below 1774 Targets: 1765 – 1755 – 1745 – 1734
Stop loss — 1786
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Ashok Leyland Limited,Housing Development Finance Corporation Limited based on the previous trading day’s price activity.
Intraday call is valid for the next trading session only unless otherwise mentioned.
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.