Trading Calls: Bank of Baroda, Maruti Suzuki & DLF No ratings yet.

Trade Date- 05/04/2018

(1) Bank of Baroda: The stock is already trading below major support levels and has recently formed a bearish candlestick pattern which hints at forthcoming lower levels. The stock can be shorted below 138/- odd levels for targets mentioned below.

Technical pattern: Bearish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <138 143 134 127

(2) Maruti Suzuki:  The stock has been in the buying list since it recovered from its retracement levels. The counter may again be bought above 9050/- for targets mentioned below

Technical pattern:  Fibbonacci levels

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >9062 8940 9150 9240

(3) DLF: The stock has confirmed a distribution pattern on charts and lower levels seems inevitable in this series. The stock may be shorted below the immediate support level of 196/- for targets mentioned below

Technical pattern: Distribution pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <196 210 189 176

 


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Author: Traders' Chowk

6 thoughts on “Trading Calls: Bank of Baroda, Maruti Suzuki & DLF

  1. What will be the nifty opening tomorrow ?? Will it be positive ??
    I have 10300 CE two lots . Pls reply

    1. Fortis is not looking very strong, in short term. However, it may witness a bounce back towards 135-145 odd levels. If you holding for short term, you may keep a watch at these levels.

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