Trading Calls: Axis Bank, BEML, NBCC & Bajaj Auto No ratings yet.

(1) Axis Bank: A sharp fell off in the last session and strong rollovers on short side suggests that the weakness may still continue to prevail in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Increase in Open Interest

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <510 522 501 487

(2) BEML: The stock has just broken out from a consolidation and a strong delivery volume shows strength in the new upmove. The specific trading plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1785 1720 1820 1900

(3) NBCC:  The stock is trading at fresh highs and has been a constant performer. Bullish Engulfing on daily charts suggest that the momentum may still continue on upside. The specific trading plan for the stock is as follows:

Technical pattern: 52-week High

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >253 237 263 278

(4) Bajaj Auto:  A Gap up opening and a strong follow through buying in the last session suggest strong demand in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >3262 3180 3300 3390

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

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