Trading Calls- ACC, TVS Motors & Titan No ratings yet.

Nifty Trading tips

Trade Date- 18/05/2018

(1) ACCThe stock has formed a double top pattern in daily charts and is already below the neckline of the pattern. Still languishing in bear grip, the stock may again be shorted for targets mentioned below.

Technical pattern: Double Top pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<1396
1415
1385
1372

 

(2) TVS Motors: The stock which had been trading in a range for last 2-3 series has finally given a breakout below the range. The break down below the lower band of the trading range is an indicative of lower prices in the upcoming series. The stock may thus be shorted below 584/- odd levels for targets mentioned below.

Technical pattern: Negative OBV
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<584
595
574
565

 

(3) Titan: After a brief period of correction, the stock is again poised for resuming its underlying uptrend. The stock may be bought above the latest resistance of 945/- for targets mentioned below.

Technical pattern:
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY
>945
930
957
975

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

20 thoughts on “Trading Calls- ACC, TVS Motors & Titan

    1. HEG is looking good in short term, however, it may experience some profit booking from the recent highs of 3700/-. You may hold the position with stop loss@3350/-

    1. In my opinion, DLF is not the apt choice for short term trading. Since you are already long, You may place stop loss@198 and hold your position.

    1. Hello,
      For short term, Ashok leyland may be avoided as it may experience some correction post the run up in April series.

      1. Thank u madam your other calls are good teaching target same day or the next two .
        Iam stuck up in escorts & Ashok Leyland hope for a recovery post good results declaration
        Iam long in Titan as ADVICED by you
        Hope it jumps tomoorow
        Bye good day

    1. No Sir, in my opinion, it is not the right time to buy PNB. It may require some more time to stabilize before it starts its upward movement.

    1. RCom has witnessed unusual volumes and irrational moves in the last two sessions and at this point of time taking position futures looks very risky. If you are already long you may put stop loss at 14.70 levels and hold your position.

  1. Hi mam please check as capital first share I have. 250share at 573 .can I hold or sell it

    1. Capital First is looking weak in short term. You may place stop loss @544 for your holdings. Below 544/-, the stock may witness fresh sell off and there may be 10-12% more downfall.

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