Trading Calls: Biocon, HDIL & Bharti Airtel No ratings yet.

Trade Date- 25/04/2018

(1) Biocon: The stock has given a buy signal in MACD and looks good above 660/- odd levels. Fresh longs may be initiated above the said level for targets mentioned below.

Technical pattern: MACD crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >660 645 670 687

(2) HDIL: The counter is already overshadowed by bears and is trading on the verge of a breakdown. Any break below the immediate support of 38.50 may be taken as an opportunity to short the counter.

Technical pattern: SMA crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <38.50 40.20 36.5 33

(3) Bharti Airtel: The stock looks weak below 399/- odd levels and any break below this level may be used to initiate shorts in the counter.

Technical pattern: Support Break

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <399 407 392 379

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Author: Traders' Chowk

36 thoughts on “Trading Calls: Biocon, HDIL & Bharti Airtel

    1. Unlike other IT majors, wipro is looking relatively weaker. The immediate support for the stock is 282/283, which if broken on closing basis; the stock may slide further in short term.

      However, if you are a long term investor, you may hold the stock as fundamentals looks intact.

    1. If you have invested in this stock, I presume your holding period shall be more than one year.

      In my opinion, for more than one year holding, there are better counters where you may park your money for better returns. However if you are a short term trader, you may place an immediate stop loss at 70/- and hold your position. The stock may see more selling pressure below 70 odd levels.

  1. Hello Priyanka mam,

    I have may future of Tata Motors at 334. Yesterday it closed below 330 but today above 330. Can you please suggest me. Should I hold or exit?

  2. Hello,

    Tata Motors is looking weak. Any bounce back shall be used an opportunity to exit the counter. Below 325/-the counter would see more supply. So, you may also place a stop loss at this level for your futures position.

    1. Hello,

      Bata looks good above 800/-. If it goes above 800 in 1-2 sessions , you may hold it for higher targets of 810/815. stop loss-775.

      KPIT is also looking good. For a weeks holding, for the bullish momentum to continue, the stock shall move above the latest resistance of 251/-. If that happens, you may further hold it for targets of 255/260

    1. If you want to buy the stock for short term, then I think there are better stocks wherein chances of profiting are more.

      If you want to buy this stock, it looks good above 1190/- odd levels.

  3. Mam i am holding hdil from 52 level for long term. My time horizon is more than 3 years. Now it is trading almost 30% below my price and I think still it seems very week. So ease advice should I book loss or it will give me atleast my prise.

    1. HDIL is still looking very weak and momentum is on downside. The stock may shed even before it finds a base and start moving upwards and as of now, it has no signs of it.
      Your buying price may need a lot of time, I think its better to shift your capital in a stronger stock.

  4. Hi,
    I have 2 issues
    1. Book 2 rs in ashok at 162 and gone upto 166. Now cmp is 162. Can i enter again or not
    2. Idea result is neg.cmp is just above. Can i place sell bid before the trading of ur suggested price or wait until the trade opens?
    Pl. Advice

  5. Ashok Leyland was given a buy at 160 odd levels and it has already met its target, so the call stand closed.

    Idea has been suggested a sell. In my opinion, to open short position in the stock, you shall wait until the trade opens because sometimes the stock show great amount of volatility in preopen before it stabilizes to find a trend and in that mayhem, you might get stuck at wrong levels. So, its prudent to be patient & stick to the levels.

  6. How about Axis Bank? Do you see more upside here despite bad results? Can we go short here for May series?

  7. Hi,
    Electrosteel steels ltd. Is a good buy after vedanta bid? I can wait 1 year.is it wise decision? If yes how much we can buy?
    Pl.advise

  8. Hi,put the target in bata as u said. Reached almost but didn’t trigger target. Can i wait for the target again or exit. Pl. Advice

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