Trading Calls- Cipla, Shriram Transport Finance & Ashok Leyland No ratings yet.

Nifty Trading tips

Trade Date-09/07/2018

(1) Cipla: The stock has entered into a pullback phase and may witness lower levels below the threshold price of 610.

Technical pattern: Bearish Divergence RSI
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <610 625 599 589

 

(2) Shriram Transport Finance: The stock has formed a bearish candlestick pattern on daily charts and looks weak in short term.

Technical pattern: Force Index negative
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <1105 1130 1085 1055

 

(3) Ashok Leyland: The stock just managed to close above its 50 Day SMA and looks strong above 134 odd levels.

Technical pattern: >50 SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >134 129.50 136 139
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Author: Traders' Chowk

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