Trading Calls: Cummins India, Balrampur Chini & Dr Reddy No ratings yet.

Trade Date- 09/02/2018

(1) Cummins India:  After a steep fall from 900/- odd levels, the stock is again geared up for a bounce back. The momentum indicators have reached to oversold zone and the set up seems ready for yet another up move. The specific trading plan for the stock is as follows:

Technical pattern: Oversold indicators

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >842 827 852 861

(2) Balrampur Chini: The stock has taken a beating in recent times and was conforming to a downtrend. Today’s up move volume however, paints a different story and reflects strong buyers in queue.

Technical pattern: Bullish Candlestick pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >121 118 124 127

(3) Dr Reddy: Pharma Indices have shown significant up move in last trading session  and the the momentum is expected to continue in the stock.

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2197 2155 2219 2252

 


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Author: Traders' Chowk

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