Trading Calls: Britannia, PNB & Idea No ratings yet.

Trade Date- 09/04/2018

(1) Britannia: The stock is trading above all major support levels and have positive bias.The counter may be bought above the latest resistance of 5200/- for targets mentioned below.

Technical pattern:  52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >5200 5070 5400 5600

(2) PNB: After a catastrophic fall in last series, the stock seems to have found a base and short term momentum is gradually shifting on buy side. The stock may be bought above 103/- for targets mentioned below

Technical pattern: Buy Signal-RSI

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >103 99.80 108 114

(3) Idea: The stock is in a downtrend and supply in the counter may again drag the stock to lower levels. The stock may be shorted below 73/- for targets mentioned below

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <74.30 78.30 72.00 67.00

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.

Please rate this

Author: Traders' Chowk

7 thoughts on “Trading Calls: Britannia, PNB & Idea

  1. Mam,

    Same as Idea, TATAPOWER can also be shorted from current cmp 84.60 for target of 83-82. Am i analysing right..?

    1. Hello,
      In my opinion, Tata Power doesnt look appropriate counter for shorting, as this point of time.( CMP -85). Below 83 odd levels, the counter may see fresh shorts.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.