As the financial markets continue to evolve and adapt to changing conditions, traders are constantly seeking opportunities to capitalize on emerging trends and market movements. Positional trading, a strategy focused on medium to long-term trades, presents an avenue for traders to capture substantial gains over extended periods. In this article, we’ll explore a selection of positional trade opportunities for May 07, 2024, along with key entry points, stop-loss levels, and potential targets.
1. KOTAK Bank
Entry Range: 1612-1615
Stop Loss (SL): 1595
Targets: 10-20-30-40-50-60-70 points from entry
Hold Duration: Few days
KOTAK Bank exhibits signs of a reversal from the bottom, with the RSI (Relative Strength Index) shifting in an upward direction. The stock is poised to surpass previous resistance levels with significant volume, indicating a breakout following a prolonged consolidation period.
2. NAVIN FLOURINE
Entry: Above 3505
SL: 3470
Targets: 15-30-45-60-75-90-120-150-200 points from entry
Hold Duration: Few weeks
NAVIN FLOURINE presents an attractive positional trade opportunity, with indications of a reversal from the bottom and a positive shift in RSI. The stock is primed for a breakout after a period of consolidation, with potential targets identified based on historical price movements.
3. DEEPAK NTR
Entry: Above 2620
SL: 2590
Targets: 15-30-45-60-75-90-120-150-200 points from entry
Hold Duration: Few weeks
DEEPAK NTR demonstrates favorable conditions for a positional trade, with a reversal pattern observed and RSI showing upward momentum. Traders can anticipate a breakout following a period of consolidation, with predefined targets to guide their trade decisions.
4. NHPC
Entry: Above 102
SL: 97
Targets: 105-110-115-120-125
Hold Duration: Few weeks
NHPC is positioned for a fresh breakout above 102, supported by indications of a bottom reversal and upward movement in RSI. Traders can set their sights on predefined targets, with the potential for significant gains over the holding period.
5. RANE MADRAS RML
Entry: Above 990
SL: 950
Targets: 50-100-150-200 points from entry
Hold Duration: Few weeks
RANE MADRAS RML presents an appealing positional trade opportunity, with a breakout anticipated above 990. The stock shows signs of a reversal from the bottom, accompanied by an upward shift in RSI, indicating potential for substantial gains over the holding period.
6. Godrej PROP
Entry: Above 2760
SL: 2740
Targets: 10-15-30-45-60-75 points from entry
Hold Duration: Few weeks
Godrej PROP exhibits favorable conditions for a positional trade, with indications of a reversal pattern and upward momentum in RSI. Traders can target predefined levels for potential profit-taking, leveraging the anticipated breakout following a period of consolidation.
7. MARICO
Entry: Above 579
SL: 571
Targets: 3-5-7-9-12-15-20-25 points from entry
Hold Duration: Few weeks
MARICO presents a promising positional trade opportunity, with a breakout expected above 579. The stock displays signs of a reversal from the bottom, supported by upward movement in RSI, indicating potential targets for profit-taking over the holding period.
8. CDSL
Entry: Above 2215
SL: 2100
Targets: 2300-2400-2500-2600-2700
Hold Duration: Few months
CDSL offers an enticing positional trade setup, with a breakout anticipated above 2215. The stock demonstrates a reversal pattern and upward momentum in RSI, suggesting potential targets for profit-taking over the extended holding period.
9. STERLING AND WILSON
Entry: Above 740
SL: 680
Targets: 890-850-900-950-1000
Hold Duration: Few months
STERLING AND WILSON present a compelling positional trade opportunity, with indications of a breakout above 740. The stock exhibits signs of a reversal from the bottom, accompanied by upward movement in RSI, indicating potential targets for profit-taking over the extended holding period.
10. GODREJ CP
Entry: Above 1347
SL: 1337
Targets: 5-10-15-20-25-30-35 points from entry
Hold Duration: Few weeks
GODREJ CP showcases favorable conditions for a positional trade, with a breakout expected above 1347. The stock displays signs of a reversal pattern and upward momentum in RSI, suggesting predefined targets for profit-taking over the holding period.
Positional trading offers traders the opportunity to capitalize on medium to long-term market trends, with the potential for substantial gains over extended holding periods. By identifying favorable entry points, setting appropriate stop-loss levels, and targeting predefined profit levels, traders can effectively execute positional trades while managing risk effectively. However, it’s essential for traders to conduct thorough research and consult with financial advisors before making any investment decisions, ensuring they align with their overall investment strategy and risk tolerance.
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