Trading Calls: Cipla, Apollo Tyres & Havells No ratings yet.

(1) Cipla: The Daily chart shows a bearish Candle formation which hints at probable lower levels in coming sessions. Also, the strong rollovers in the last session again suggest bearishness  which may continue in the short term.

Technical pattern: Bearish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <575 602 562 552

(2) Apollo Tyres:  The stock looks strong above 252/- odd levels which also coincides with its 50-Day SMA. The specific trading plan for the stock is as follows:

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >252 240 259 263

(3) Havells:  The stock has formed a Bullish candlestick pattern on daily charts which suggest strong momentum in the counter. The stock may be bought above 560/- for upside targets mentioned below.

Technical pattern: Gap-up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >560 550 567 574

 


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Author: Traders' Chowk

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