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Sample Trade Report 09.04.2020

ProCapitas

Trade Report:

 

Today's Trade (09/04/2020)

 

1. HDFC Bank – 4375 Profit

2. Titan – 10500 Profit

3. Crude Oil – 2300 Profit

 

Total Profit – 17175 Net Profit/Lot

 

  

HDFC Bank Trade (Entry – 910 ; Exit- 918.75 )


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It was a news based stock pick and the news was that its CEO is retiring in October but the RBI has suggested to wait till November’20.

 

Near 909 this stock was consolidating and therefore 910 was a breakout level. Also, using the Price Action strategy the call was activated and once it crossed this level it didn’t look back.


 

Titan Trade (Entry – 970 ; Exit- 984 )

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As per the news update there was a decrease in sale of titan jewellery last month due to the lockdown and there was increase in Q4 sales of the watches by 1%. Therefore, we tracked the stock using Price Action Strategy and when it broke our level, the call was triggered and the stock made a high of 1044. Although we took a safe exit with 14 points profit. 

 

Crude Trade (Entry – 2018 ; Exit- 2041 )
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As per the Crude Oil outlook given yesterday on the market updates section of our website & on our telegram channel, the following were the supports & resistance for 9th April’20:-

 

RESISTANCE 1 – 1931

RESISTANCE 2 – 1984

RESISTANCE 3 – 2018

 

SUPPORT 1 – 1879

SUPPORT 2 – 1837

SUPPORT 3 – 1787

 

2018 level was a good support in crude oil on 20th March & when it was broken we saw a huge fall in the prices of crude oil. This level was acting as a resistance on 3rd April and was broken that day to make an intraday high of 2104.

 

This level again was a resistance today and after breaking this level, the trade was activated as per price action strategy.

 

Thanks

 

ProCapitas Market Pro Division

   

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