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Ultra Swing Trading Advice 146 | Buy

We recommend four stocks here and suggest you to diversify the trading capital equally in the four stocks:

Capital Allocation
1. Axis Bank25%
2. DCB Bank25%
3. IIFL Finance25%
4. Tata Power25%

Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:

  1.   Axis Bank – 25,000/-
  2.   DCB Bank – 25,000/-
  3.   IIFL Finance – 25,000/-
  4.   Tata Power – 25,000/-

 Verify Ultra Swing Trading 146

To verify our authenticity and credibility, do check the trading position update and recommendation timestamp. Be assured such records are permanent and irreversible.

 BUY   Axis Bank (NSE: AXISBANK)

AXIS BANK STOCK RECOMMENDATION

CP#492.95
IdeaBUY
Buy Range484 – 490
Target525 – 530
StopLoss*470
Duration18 – 20 Trading Days
Potential Returns^8 – 9%
CP#IdeaBuy RangeTargetStopLoss*DurationPotential Returns^
492.95BUY484 – 490525 – 53047018 – 20 Trading Days8 – 9%

# CP – closing price on 19 Oct 2020.
Once 1st target hit, reset StopLoss at 509.
^ Potential returns are calculated based on the median of buy range.

AXIS BANK TRADING UPDATE - POSITION & ACTIVITIES

Buy Axis Bank by GoodluckCapital on TradingView.
  • 20 October 2020

    Goodluck Capital Recommendation
    Buy Axis Bank

  • 3 November 2020

    Trade closed: target reached
    🎯 Target hit - 530

  • ✔️ Return
    +9.26%

POSITIONAL TRADING ADVICE - STOCK # 2

 BUY   DCB Bank (NSE: DCBBANK)

DCB BANK STOCK RECOMMENDATION

CP#80.75
IdeaBUY
Buy Range76 – 79
Target90 – 93
StopLoss*73
Duration18 – 20 Trading Days
Potential Returns^16 – 20%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
80.75 BUY 76 – 79 90 – 93 73 18 – 20 Trading Days 16 – 20%

# CP – closing price on 19 Oct 2020.
Once 1st target hit, reset StopLoss at 85.
^ Potential returns are calculated based on the median of buy range.

DCB Bank TRADING UPDATE - POSITION & ACTIVITIES

Buy DCB Bank by GoodluckCapital on TradingView.
  • 20 October 2020

    Goodluck Capital Recommendation
    Buy DCB Bank

  • 13 November 2020

    Trade closed: target reached
    🎯 Target hit - 93

  • ✔️ Return
    +20%

POSITIONAL TRADING ADVICE STOCK # 3

 BUY   IIFL Finance (NSE: IIFL)

IIFL FINANCE STOCK RECOMMENDATION

CP#78.5
IdeaBUY
Buy Range74.5 – 77
Target92 – 95
StopLoss*72
Duration18 – 20 Trading Days
Potential Returns^21 – 25%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
78.5 BUY 74.5 – 77 92 – 95 72 18 – 20 Trading Days 21 – 25%

# CP – closing price on 19 Oct 2020.
Once 1st target hit, reset StopLoss at 85.
^ Potential returns are calculated based on the median of buy range.

IIFL Finance TRADING UPDATE - POSITION & ACTIVITIES

  • 20 October 2020

    Goodluck Capital Recommendation
    Buy IIFL Finance

  • 14 November 2020

    Trade closed: target reached
    🎯 Target hit - 95

  • ✔️ Return
    +25.8%

 BUY   Tata Power (NSE: TATAPOWER)

TATA POWER STOCK RECOMMENDATION

CP# 55.2
Idea BUY
Buy Range 53 – 55
Target 60 – 62
StopLoss* 51
Duration 18 – 20 Trading Days
Potential Returns^ 11 – 15%
CP# Idea Buy Range Target StopLoss* Duration Potential Returns^
55.2 BUY 53 – 55 60 – 62 51 18 – 20 Trading Days 11 – 15%

# CP – closing price on 19 Oct 2020.
Once 1st target hit, reset StopLoss at 58.
^ Potential returns are calculated based on the median of buy range.

TATA POWER TRADING UPDATE - POSITION & ACTIVITIES

  • 20 October 2020

    Goodluck Capital Recommendation
    Buy TATA Power

  • 25 November 2020

    Trade closed: target reached
    🎯 Target hit - 62

  • ✔️ Return
    +17%

Follow ULTRA SWING TRADING ADVICE #146 On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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