Swing Calls

Maruti Buy Call 05-June-2020

Why do we want to buy Maruti for short term? (For 05 June 2020)

1. Uptrend started

2. Pullback after breaking out.
3. Increased volume 
4. Hammer candle formation 

Buy Level - 5740

Book Profit - 6433

Stop Loss - 5551

Duration - 2 weeks. 

Total Risk - 189 points 

Disclaimer - We are just sharing our view on this stock. Please check with your financial advisor for any buy/sell decision.

Drreddy buy call for 01-June-2020

Swing call for 01 June 2020

Why do we want to buy Drreddy for short term? (For 01 June 2020)

1. The previous trend is  up.

2. Stock is going up after retracing.

3. Stock is taking the trendline support.

4. MACD is about to give bullish crossover.

5. MACD line and signal line is above midline.
6. Volumes are increasing.

Buy Level - 3965 (after 50% Fibonacci retracement)

Book Profit - 1:1(At least)

Stop Loss - 3800

Duration - 2 to 3 days. 

Total Risk - 165 points 

Disclaimer - We are just sharing our view on this stock. Please check with your financial advisor for any buy/sell decision.