Hi,
I hope you’re learning and making good money by trading and investing.
200 EMA has historically acted as a reliable reversal point for all kinds of publicly traded instruments, whether it be stocks/crypto/forex. These trade ideas are based on 200 EMA reversal strategy.
This strategy doesn’t always work(no one ever does), but in my experience and of many others, it works more than 60% of the time, which is considered a good success probability in trading.
Here are five stocks near 200 EMA -
(At the end, there’s two stocks from these five, in which I’ve taken trades as well. And as you may already know, we also maintain a live journal of these trades which you can track here - My Trade Journal )
Tata Steel Ltd.
CMP - ₹ 105.5
Asian Paints Ltd.
CMP - ₹ 3095.5
Mindtree Ltd.
CMP - ₹ 3506.15
Hindustan Unilever Ltd.
CMP - ₹ 2483.7
Pfizer Ltd.
CMP - ₹ 4485.2
My Trades -
I will purchase below listed stocks on Monday morning (21/11/22) at following price ranges -
Asian Paints Ltd.
CMP: ₹ 3095.5
Buy Price: ₹ 3055-3110
Target Price: ₹ 3810(~13%) or keep riding
Stoploss: ₹ 2930(~5.1%) - Will only exit if there’s a weekly closing below this price.
Hindustan Unilever Ltd.
CMP: ₹ 2483.7
Buy Price: ₹ 2450-2510
Target Price: ₹ 2820(~13.6%) or keep riding
Stoploss: ₹ 2390(~4%) - Will only exit if there’s a weekly closing below this price.
Logic?
Near 200 EMA
Good Reward/Risk Ratio
*Please do your own research before taking any trades. Always keep a stoploss in place*
Keep track of these trades through - Our Trade Journal