Stocks for 20/08/20 Intraday
#AXISBANK
#INDUSINDBK
#HDFCBANK
#BANDHANBNK
#TATASTEEL
#JSWSTEEL
#IBULHSGFIN
#SUNPHARMA
#HCLTECH
#TATACONSUM
#M_M
#TITAN
Based on NR7, Volume and Volatility concepts
Results of the Day : 4/12 stocks gave tradeable moves
1/4 : #SUNPHARMA
As most of the trades happen on a Wide Gap Down days, Price went up and got rejected at previous session high and formed reversal signs
+1.2R profits booked
2/4 : #IGL
This stock stood out by breaking through previous session Resistance with Very high Volumes coming in.
Entry was after bullish confirming Long tail candles.
Exit was when the price showed a decrease in Momentum
+2.7R profits booked
3/4 : #TATASTEEL
Again, price Gapped down BUT went up to previous session High and was rejected twice
Exited at +2R profits, When too much movement has happened before you take your entry, it's better to take profits early since the stock tends to not move much later in the Day
4/4 : #HDFCBANK
Again same story,
-price Gapped down
-went to previous session high : Rejected
-came down
Exited before End of Day for +1.6R profits.
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