Trading Calls- Bajaj finserv, TCS & Dr Reddy No ratings yet.

Nifty Trading tips

Trade Date-18/07/2018

(1) Bajaj Finserv: The stock has formed a bullish candlestick pattern on daily charts and the momentum is on the buy side. Fresh longs may be initiated above 6366 for targets mentioned below.

Technical pattern: Bullish Engulfing
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >6366 6205 6430 6600

 

(2) TCS: The stock has been showing  persistent strength in July series and any break above the threshold levels of 2010 may trigger another leg of buying in the counter.

Technical pattern: Bollinger Bands-Volatilty
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >2010 1970 2050 2095

 

(3) Dr Reddy: The stock has been under selling pressure for the last few sessions and is still looking very weak.

Technical pattern:  EMA cross
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <2056 2110 2010 1960
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Author: Traders' Chowk

5 thoughts on “Trading Calls- Bajaj finserv, TCS & Dr Reddy

    1. Above 620, if it breaks in next 1-2 sessions, it may touch 632/635 odd levels. If you have shorted in futures you may put a stop loss at 620 levels.

    1. AShok Leyland looks weak in short/medium term. Not a right time to take fresh entry, may witness lower levels.

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