Trading Calls- Bajaj Finance, Ceat & Repco Home Finance No ratings yet.

Nifty Trading tips

Trade Date-07/06/2018

(1) Bajaj FinanceThe stock has broken out a bullish flag pattern and the upside momentum is clearly on the long side.  Fresh longs may be initiated in the counter above 2175/- levels.

Technical pattern: Flag Pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY  >2175 2119 2220 2300

 

(2) Ceat: The stock has been in bear grip since last many months and and every bounce back in the stock is being sold into. The counter may continue with its weakness in short term and lower levels may be witnessed in the stock in June series.

Technical pattern: Below 50- Day SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <1340 1373 1315 1285

 

(3) Repco Home Finance: The stock has witnessed a spurt in open interest in the last trading session and looks weak on charts, too. The counter may be shorted for targets mentioned below.

Technical pattern: Increase in Open Interest
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <539 552 528 510

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Author: Traders' Chowk

12 thoughts on “Trading Calls- Bajaj Finance, Ceat & Repco Home Finance

    1. Dalmia Sugar looks weak in short term and lower levels may be seen in the counter. In my opinion, it is not the right time to invest in the stock as the stock is left with more downside.

    1. If you are a short term trader, you may hold your position, recovery has just started in the stock. Above 1075, the stock may touch 1085/1100 where you may consider exiting.

  1. Hi good evening madam what is ur view on Bajaj finance for Friday -8.6.18
    Today was a bit up and down
    Please update me , thank u

  2. Mam I have short position in REC Ltd at 109, it is trading at 117 now…..what should i do

  3. I am new in trading…can we do shorting ( selling first before buying the share) on delivery basis…or shorting is exclusive for intraday trade only ???

    1. Shorting in cash segment can be done only for intraday trade. Delivery based shorting in cash market is banned in India. But, short postion for delivery may be taken in derivatives ( futures and options). They can be carried over for the entire month and can be even rolled over for next series.

  4. Good morning your baja finnace is again good reached high but down
    Hope it is still in bullish mood.
    Iam holding one lot ncc
    Long what is ur opinion on the same
    Thank u

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