POLYPLEX @ 1704 AREA (CASH / EQUITY) ||| UP or DOWN ???

Polyplex Corporation Ltd

Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc. They have 33 Years Of Experience in Plastic Films. They have 6 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide.

Market Cap ₹ 5,337 Cr.

At this time I am bullish on this stock.

Firstly, this stock showing divergence on Commodity Channel Index.

This is call positive CCI Divergence.

Now what will be the time to exit or target and stop loss. ?

For this type of chart, I am always use percentage against the time frame which will be the most effective way to calculate your target.

Let's hope you are using 5 mnts chart which means your target will be 0.20% to 0.30%.

For

15 mnts chart target 0.30% to 0.40%

30 mnts chart target 0.50% to 0.70%

60 mnts chart target 0.80% to 0.90%

120 mnts chart target 1.00% to 1.50% (depends)

Daily chart target 2% to 3% (depends)

Weekly chart target 5% to 10% (depends)

Monthly chart target 15% 50% (depends)

Above Polyplex chart is 60 mnts time frame and below the chart is about 120 mnts or you can see 2 hrs chart. So you can calculate the target approx near 0.80% to 1.50%.

Now the question is what will be the stop loss and which is most important for your trading. Last spike low will be the Stop loss and also mark that it will be the main and closing basis stop loss.

If any doubt then you can post your query below or you can contact with me freely.

Comments

BEST FOR INVESTMENT (STOCK MARKET OR MUTUAL FUND)

Mutual Fund A mutual fund is an investment vehicle that pools together the money of many investors and uses it to buy a diversified portfolio of securities, such as stocks, bonds, and other assets. Mutual funds are managed by professional fund managers, who choose the securities in the fund's portfolio and try to maximize returns for investors. Mutual funds offer several benefits for investors. They provide professional management, as the fund manager is responsible for making investment decisions on behalf of the fund's investors. Mutual funds also offer diversification, as they invest in a variety of securities, which can help to spread risk and reduce the impact of any one security's performance on the overall fund. Mutual funds also offer convenience, as you can buy and sell shares in a mutual fund through a broker or financial advisor. There are many different types of mutual funds available, including stock funds, bond funds, money market funds, and balanced funds. Ea...

The Powerful Indicator for EVER !!!

The indicator is a very popular indicator by which you can easily take different types of trades. If you follow this indicator well, you will get the best result from it, if you can keep it Properly on your Watch List. I have discussed various techniques of RSI on my YouTube channel and you can watch those videos if you want. Here is a step-by-step how to trade RSI in full detail. If you follow this indicator properly, I would say that you will become an expert in the technical trade of the market because the indicator is applied in all the time frames in all the markets. Here are some simple tricks of RSI that will help you in a very good way like double crossing from where you can get a healthy profit if you can properly identify it. In the picture below you can see the proper place of the two double line crossings from where the stock moment has changed and a message showing a profit. Every time frame in the stock market is significant and each time frame has a different tradin...

NIFTY VIEW 24-09-2020

This is pain of time. If you not booked then u have to seen to RED sign of your portfolio and if u book then u can not wait to re-enter your position. On daily chart there are not much good sign as per my last post. I am also little much confused with Market sentimental. If you can then go and chill with your other work for a while. Hahahaha. Bcz its not sustaining till now and will be on next few session. But when I saw the intra small time frame chart then there are some sign at this point. Some how some lower side accumulation process can possible at this point. The Clear view on CCI which also indicate the support line. Some uncertain selling pressure can possible because of broker sell-off. I must say if you want some small hedging then you can try at this point. I also mentioned the NIfty Buy View on my Twitter handle for next 2-3 trading session. Let's hope for the best. Follow Twitter - @subham2010 Follow FB Page - @ Silent Trader1 Follow Youtube - @Silenttrader1

Silent Trader

Search This Blog