Trading Calls- Asian Paints, Godrej Consumer & Idea Cellular No ratings yet.

Nifty Trading tips

Trade Date-27/06/2018

(1) Asian Pains: In the last trading session, the stock managed to close just above its 20 Day SMA and looks good in short term. More buying would be witnessed in the stock above the threshold levels of 1281.

Technical pattern: Above 20-DMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1281 1260 1300 1320

 

(2) Godrej Consumer: The stock has been in an intact uptrend and yesterday’s up move confirm the trend continuation in near term.

Technical pattern: Bullish Engulfing

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1200 1180 1220 1240

 

(3) Idea: The stock has made many failed attempts in the past to trade at higher levels. Yesterday’s move however opens a new possibility for a fresh up move.

Technical pattern: Bullish Candlestick
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >58.55 57.70 60 62

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Author: Traders' Chowk

6 thoughts on “Trading Calls- Asian Paints, Godrej Consumer & Idea Cellular

  1. Mam, I have 150 daawat shares at avg of 76.0 and 115 EIL at an avg of 144. Both with an holding period of 02 years. Shall i hold.?

    Also pls suggest any shares already bottomed out for fresh investment.

    Thanks Mam.

  2. Daawat- The stock is looking weak and may remain under pressure in short term. You may hold your position with stop loss@54. Any bounce back may be used to exit the position.
    EIL- Also looking weak in medium term. You may consider exiting once it breaks 119 odd levels.

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