We recommend two stocks here and suggest you to diversify the trading capital equally in the two stocks:
| Capital Allocation | |
| 1. Glenmark Pharma | 50% |
| 2. Chennai Petroleum | 50% |
Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:
- Glenmark Pharma – 50,000/-
- Chennai Petroleum – 50,000/-
Glenmark Pharma STOCK RECOMMENDATION
| CP# | 532.1 |
| Idea | BUY |
| Buy Range | 517 – 527 |
| Target | 630 – 675 |
| StopLoss* | 490 |
| Duration | 20 – 25 Trading Days |
| Potential Returns^ | 22 – 30% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 532.1 | BUY | 517 – 527 | 630 – 675 | 490 | 20 – 25 Trading Days | 22 – 30% |
# CP – closing price on 7 Dec 2020.
* once 1st target hit, reset StopLoss at 581.
^ potential returns are calculated based on the median of buy range.
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Glenmark Pharma SHARE TRADING UPDATE - POSITION & ACTIVITIES
CHENNAI Petroleum STOCK RECOMMENDATION
| CP# | 92.2 |
| Idea | BUY |
| Buy Range | 90 – 92 |
| Target | 98 – 100 |
| StopLoss* | 88 |
| Duration | 12 – 15 Trading Days |
| Potential Returns^ | 8 – 10% |
| CP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns^ |
| 92.2 | BUY | 90 – 92 | 98 – 100 | 88 | 12 – 15 Trading Days | 8 – 10% |
# CP – closing price on 7 Dec 2020.
* once 1st target hit, reset StopLoss at 95.
^ potential returns are calculated based on the median of buy range.
CHENNAI Petroleum TRADING UPDATE - POSITION & ACTIVITIES
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Ultra Swing Trading Advice 152: ████
— Goodluck Capital (@CapitalGoodluck) December 8, 2020
Date: 8 Dec 2020
● #STOCK - 1 belongs to Pharma sector
● Expected return 22-30% in 20-25 days
● #STOCK - 2 belongs to Metal sector
● Expected return 8-19% in 12-15 days#GoodluckCapital #tradingtipshttps://t.co/o6nw5al79w