Trading Calls- BEL, V-guard & Tech Mahindra No ratings yet.

Nifty Trading tips

Trade Date- 1/06/2018

(1) BEL: The stock has formed a bearish candlestick pattern in the last trading session and looks very weak in short/medium term. Next leg of selling may continue below 113 for targets mentioned below

Technical pattern: Below 20 EMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <113 118 108 101

 

(2) V-Guard:  The stock has broken out a trading range and looks weak in short term. Below 218 levels, the supply in the stock might continue leading to much lower levels in June series

Technical pattern: Gap Down opening
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <218 225 210 200

 

(3) Tech Mahindra: The stock is already trading above all the moving averages and looks good for more. The short term momentum is clearly on upside and the fresh longs may be initiated in this counter above 719 odd levels

Technical pattern: >20 EMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >719 700 735 755

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

34 thoughts on “Trading Calls- BEL, V-guard & Tech Mahindra

  1. Mam pls guide in IGL and tourism finance corporation of India .
    IGL June series target and stoploss

    1. IGL- Not looking very strong. Better suited as a shorting candidate. Sell < 260 for targets 255/247. stop loss-266.
      Tourism Finance is trading on the verge of a breakdown and any close below 146/147 may trigger fresh sell off in the counter.

  2. Bel,,,, still short active???
    And tech mah,,,, can v still buy though it sl triggered on Friday??

    1. RCAP is looking weak in short term. Any break below below 380, may again trigger a fresh sell-off in the counter. Better suited as a shorting candidate.

  3. Hi good after noon madam
    What is ur view on BEL
    IAM SHORT IN THE SAME
    PLEASE KINDLY UPDATE ME

    1. In my opinion, it is better to wait to initiate fresh buy in this counter. Above 720/- the stock may gain fresh momentum , at this point you may consider buying it.

    1. In my opinion,it is still looking weak and it is better to wait for the stock to stabilize before it starts making upside move.

  4. Hello mam.

    Could you please advise me levels for IDEA. I bought a lot at 62.75 for June series.

    Thanks.

    1. Looking weak in short term, but if you are a long term investor, you may hold it. For short term, below 1015, the stock may fall upto 990/960 odd levels.

  5. need view in gsfc its rain start this stock now ready to go up but its moving down 1 side…kindly inform me i hv buy@118
    what to do

    1. GSFC is looking very weak in short term. The stock may witness more selling pressure below 105 odd levels. You may put stop loss@104/105 and hold your position. Once it breaks, you may consider exiting the position.

  6. Please tell about qwality buy @53.80.whether hold or book loss and exit? If any chance of renounce to 53 level , I can hold till 6months.

    1. Kwality is looking very weak, the underlying momentum in the stock is on downside. Any break Below 35/- may led the stock to shed 10-15% more. In my opinion, it is better to shift your capital in a more stronger counter.

    1. The stock is looking weak in short term.If you are short term trader, then you may place stop loss @13.45. If this level is broken, you may consider exiting the position.

  7. Hi mam. I’m holdin jet airways @413. Wat Sl should I maintain? Can I get to c my cost by Friday? Or should I book loss? Pl reply mam

    1. Hello Khyati,

      You may place stop loss@390 for your position. The stock is looking weak in short term, any bounce back in the stock shall be taken as an opportunity to exit. Don’t hold in anticipation, just act on the said levels.

        1. Yes. After 390/- , 382. But below this levels, the long positions shall be cleared as the momentum will shift to sell side.

    1. Zee is looking weak in short term and below the immediate support of 539/- , the stock may witness lower levels.

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