Trading Calls: Bata India, Glenmark & Sail No ratings yet.

Trade Date- 12/02/2018

(1) Bata India: The stock has been showing strength since it hit 650/- odd levels. Still shying away from its 50-day SMA , which is the latest resistance placed, the stock can be bought above 720/- odd levels for targets mentioned below:

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >720 711 729 740

(2) Glenmark:  After a weak gap-down opening in the last session, the stock witnessed a sell-off  indicating more weakness. The stock can be sold below 525/- for levels mentioned below.

Technical pattern: Gap down opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <525 535 514 506

(3) Sail:  The stock witnessed a huge surge in the last trading session. However, there is still some steam left in the counter and any break above 94.80/- may again take the counter to higher levels.

Technical pattern: Volume Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >94.80 92.50 96.5 98

 


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Author: Traders' Chowk

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