Hi Diksha, thanks for the Power Mech trading idea, can I book profits after the 20% rally on 01 July? Also, do you have any trading ideas for Friday 02 July?
Answer
Answer
Frankly, Power Mech was a big idea but even I did not expect it to gain 30% in just 3 days. As a trader, my suggestion is that you should take some profits on Friday, when the price is expected to be on a higher plane. It surely looks too good to be true so better play it safe. Here is my suggestion for Power Mech.
· Power Mech Projects Rs.710 (CMP – 900) – Book Profits
Regarding your queries on fresh buys for 02 July, I have 2 trading ideas and both are speculative short term ideas. You can take a speculative buy call on Renuka Sugars at Rs.41 with target of Rs.60 in 2 months. Also, you can take a short term trade on Dabur at Rs.591 for short term upside price targets of Rs.625 in the next 1 month.