Hello friends !
BEML - Buy 620 or lower, with a SL below 600.
We must remember that the stock is in deep downtrend & may head downside to 450 OR lower.
ALthough, this buying is done only for a tgt of 670 & above. that makes a very good risk reward ratio of 22:55.
LAKSHMI OVERSEAS ( BSE CODE 519570 ) - Stock is also in a deep downtrend. However, we are just buying it for a bounce upto 47 & higher, with a SL below 42. Making it a risk reward ratio of 80 paisa to 5rs.
However, this particular stock is highly overdone & can be considered to be kept for positional bet, with SL of 5200 on nifty with a tgts of 53 & higher.
ALthough, u may think to trail ur SL higher, after the given tgts are achieved for a 3-5 % higher tgts, only if u r not satisfied with the projected profits.
ALTHOUGH, one may easily skip to trade, above 2 recommendations, if not comfortable, as markets, if fall a lil more from here, are preparing for numerous such trades for the next 2 days.
As & when i get time, i wud be posting such stocks with handsome risk reward ratio.
WAIT FOR MY NEXT POST, may be on SAI VAAR along with SAI BHAJAN. Under this & upcoming other posts, i wud be covering more than 70 stocks with trends prevailing in them & also levels, which i think wud be appropriate to enter them along with the projected tgts.
TILL THEN
HAPPY SAILING
OM SAI RAM.
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