We recommend four stocks here and suggest you to diversify the trading capital in the following way:
| Capital Allocation | |
| 1. Tata Chemicals | 30% |
| 2. PI Industries | 25% |
| 3. Kaveri Seed | 25% |
| 4. Exide Industries | 20% |
Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:
- Tata Chemicals – 30,000/-
- PI Industries – 25,000/-
- Kaveri Seed – 25,000/-
- Exide Industries – 20,000/-
POSITIONAL TRADING ADVICE - Stock # 1
BUY Tata Chemicals (NSE: TATACHEM)
Capital Allocation – 30%
TATA CHEMICALS STOCK RECOMMENDATION
| CP# | 296.9 |
| Idea | BUY |
| Buy Range | 290 – 296 | Target | 309 – 316 |
| StopLoss* | 285 | Duration | 8 – 10 Trading Days |
| Potential Returns^ | 5 – 8% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 296.9 | BUY | 290 – 296 | 309 – 316 | 285 | 8 – 10 Trading Days | 5 – 8% |
# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 303.
^ Potential returns are calculated based on the median of buy range.
TATA CHEMICALS TRADING UPDATE - POSITION & ACTIVITIES
Buy Tata Chemicals by GoodluckCapital on TradingView.
POSITIONAL TRADING ADVICE - Stock # 2
BUY PI Industries Ltd (NSE: PIIND)
Capital Allocation – 25%
PI Industries STOCK RECOMMENDATION
| CP# | 1879.45 |
| Idea | BUY |
| Buy Range | 1815 – 1845 | Target | 1950 – 1970 |
| StopLoss* | 1770 | Duration | 10 – 12 Trading Days |
| Potential Returns^ | 7 – 8% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 1879.45 | BUY | 1815 – 1845 | 1950 – 1970 | 1770 | 10 – 12 Trading Days | 7 – 8% |
# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 1915.
^ Potential returns are calculated based on the median of buy range.
PI Industries TRADING UPDATE - POSITION & ACTIVITIES
POSITIONAL TRADING ADVICE - Stock # 3
BUY Kaveri Seed Company (NSE: KSCL)
Capital Allocation – 25%
KAVERI SEED STOCK RECOMMENDATION
| CP# | 572 |
| Idea | BUY |
| Buy Range | 564 – 572 | Target | 600 – 605 |
| StopLoss* | 550 | Duration | 10 – 12 Trading Days |
| Potential Returns^ | 6 – 7% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 572 | BUY | 564 – 572 | 600 – 605 | 550 | 10 – 12 Trading Days | 6 – 7% |
# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 586.
^ Potential returns are calculated based on the median of buy range.
KAVERI SEED TRADING UPDATE - POSITION & ACTIVITIES
POSITIONAL TRADING ADVICE - Stock # 4
BUY Exide Industries (NSE: EXIDEIND)
Capital Allocation – 20%
EXIDE INDUSTRIES STOCK RECOMMENDATION
| CP# | 161.25 |
| Idea | BUY |
| Buy Range | 158 – 161 | Target | 168 – 171 |
| StopLoss* | 155 | Duration | 8 – 10 Trading Days |
| Potential Returns^ | 5 – 7% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 161.25 | BUY | 158 – 161 | 168 – 171 | 155 | 8 – 10 Trading Days | 5 – 7% |
# CP – closing price on 07 Sep 2020.
Once 1st target hit, reset StopLoss at 165.
^ Potential returns are calculated based on the median of buy range.
