Trading is one business that can give you highs and lows pretty quickly. It is in these highs and lows, traders make stupid mistakes like getting overcautious in lows and throwing all caution to winds in highs. A trader should never get carried away or bogged down by success and failure. Remember, trading is a journey and one bad mistake can wipe you out of business. Hence, as a rule, one should never get carried away; and focus should be on trading capital all the time.
Sometimes, it is better to miss an opportunity than lose capital. The focus is to make money while preserving capital.
Adani Enterprises Limited
Adani group stocks will be in limelight as Gujarat Election results will be coming. Stock has rallied from 216-280 in anticipation of Modi’s win.Strong support at 261.
Buy above 271.6 Tgt 272.8,274.8 and 277.8
Sell below 267 Tgt 265.7,263 and 261
Adani Ports
Adani Ports is trading well in contracting trendline with highly volatile moves.Strong Support at 130 and resistance at 136.
Buy above 137 Tgt 138.6,141 and 144.5
Sell below 134 Tgt 133,131 and 130
Hindustan Zinc
Hindustan Zinc has seen a good rise on Friday backed by volumes, stock need to cross 143.5 for the rise to continue, else double top will come in effect and Hind zinc will show pullback back to 136
Buy above 143.6 Tgt 145.4,147.1 and 148.2
Sell below 140.5 Tgt 138,137 and 136
Levels mentioned are Spot Levels. Keep sl of 0.5-1% Be disciplined and Patient before taking trades.