Hello all,
I am new to investing, and have chosen to trade with Geojit's Selfie platform.
I am trying to understand the content of recommendations that appear on the platform (https://i.imgur.com/mrXntHy.png):
Here is my understanding of this example of a recommendation, together with questions:
I am new to investing, and have chosen to trade with Geojit's Selfie platform.
I am trying to understand the content of recommendations that appear on the platform (https://i.imgur.com/mrXntHy.png):
Here is my understanding of this example of a recommendation, together with questions:
- "TATACHEM" is the symbol of the scrip (NSE or BSE?) for which the recommendation is being made.
- What does it mean to say "Intraday/Delivery"? Does this mean that I can take this recommendation either for intraday trades or for delivery (i.e., I can hold this position across days)?
- What are scnearios in which there is a recommendation that should only be considered for intraday trading, and not for delivery? That is what are some cases where the trades should be squared off at the end of the day?
- What are scenarios in which the recommendation should only be considered for delivery and not for intraday trading?
- This is obviously the bid price that one should aim for. But obviously one has to be quick about it, else the price might rise, given that this is a buy recommendation, and others will be cognizant of this opportunity as well.
- This is the target price at which the stock should be sold -- the expectation is that the stock will rise to this level. And the stop-loss is the price at which the stock should be sold, should its price start to decline.