Trading Calls: Bajaj finance, Eicher Motors & Titan No ratings yet.

Trade Date- 16/01/2018

(1) Bajaj Finance: The stock has formed a bearish candlestick pattern on charts and any break below 1733/- may again witness surged selling pressure.

Technical pattern: Bearish Candlestick pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <1732 1745 1720 1697

(2) Eicher Motors: The stock has been in a distribution mode since last few months and a recent break below its 50-day SMA further hints at the forthcoming selling pressure.

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <27900 28480 27650 27300

(3) Titan:  After a period of retracement, the stock is again geared up to resume its underlying uptrend. The specific trading plan for the stock is as follows:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >922 902 932 943

 


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Author: Traders' Chowk

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