Intraday Trading Strategy – 1
Crompton Greaves Consumer Electrical
Buy Crompton Greaves Consumer Electrical at / above 217.8 Targets: 221 – 224.5 – 228.5 – 232.5
Stop loss — 213.5
Sell Crompton Greaves Consumer Electrical at / below 213.5 Targets: 210.5 – 206.8 – 203.5 – 199.8
Stop loss — 217.8
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Crompton Greaves Consumer Electrical 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.