Trading Calls: Apollo Hospital, Idea & Repco Home No ratings yet.

Trade Date-16-02-2018

(1) Apollo Hospital: The stock made a sharp recovery from lower levels in the last session and ended with handsome gains.The new found resistance is placed at 1215/-, which is most likely to be broken on upside. The stock may be bought above 1215/- for targets mentioned below.

Technical pattern: Three White Soldiers

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1215 1202 1225 1234

(2) Idea:  The stock has been an under performer and has repeatedly shown weakness in a strong market. The counter can be shorted below 82.50/- levels for targets mentioned below.

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <82.50 83.60 81.50 80.20

(3) Repco Home:  After a gap down opening and a weak follow through session, the stock ended in red, down below all major support levels. The counter can be shorted below 549/- for targets mentioned below.

Technical pattern: Gap-down opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <548.5 556 541 537

 


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Author: Traders' Chowk

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