05-May-26 Daytrading plan (All levels are valid upto and are recommended to be closed by 12:15 pm)
BEML : seems bullish on DTF. yesterdays close was 1836. todays trading range 1826 to 1854
Union Bank: yesterdays close was 163.77, todays likely range 162.10-167.40 (bit risky as the stock is near its support but the PA is bearish on DTF)
Rules for day trading :
1. Avoid trading if stocks opens flat. Wait for price to approach the range and then enter.
3. if stock stalls near upper range then we sell with SL of 1% from entry.
4. Targets are 0.45% , 0.70% & finally 1.20% from entry
5. After 0.70% target is reached. Move your stop to entry (cost to cost).
5. Avoid entry if the stock is unable to reach near trading range by 10:30 am
6. Take just 1 trade per stock and close with either profit or loss as per targets given
