Trading Calls: Dabur, Hindustan Unilever & Can Fin Homes No ratings yet.

Trade Date- 02/05/2018

(1) Dabur: The stock has formed a bullish pattern on weekly charts and is trading on a verge of a resistance breakout. The counter may be bought above the threshold levels of 270/- for targets mentioned below

Technical pattern: Cup & Handle pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >373 364 385 407

(2) Hindustan Unilver: The stock is trading above all major moving averages and is looking very strong in short term. The bullish momentum may take the stock higher in short term above the breakout level at 1510/-

Technical pattern: SMA Crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1515 1490 1550 1615

(3) Can Fin Homes: The stock is trading near an important support level which if broken, may trigger another leg of selling. The stock may be shorted below this level for targets mentioned below.

Technical pattern: Open Interest Increase

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <414 425 405 380

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.

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Author: Traders' Chowk

20 thoughts on “Trading Calls: Dabur, Hindustan Unilever & Can Fin Homes

    1. Asian paints has given a breakout in last trading session and looks good above the resistance of 1208/-.
      Fresh positions may be initiated in the stock above 1208/- for short term targets of 1224/1255

  1. If you are already holding the stock, you may put a Stop loss at 70 odd levels and hold your position.

    In my opinion, it is not a suitable counter for ‘fresh’ investment/trading.

  2. Hi,in hind lever today high is 1511.95. Can i consider as the call is active or not. Pl. Advice

  3. Hi, sorry to bother u, u r giving futures right? Today can fin fut. Not triggered. Cmp in fut. Is 418.70

    Pl. Clarify , whether all ur calls or cash or futures.

  4. Evening Dr.Priyanka, am heavily long in Indigo at 1503….holding about 600. Shall I continue to hold position as not prepared to book loss at this juncture. Can i average at cmp…your expert comments on how to deal with this situation

  5. Good evening,

    If your are an investor and wish to hold your position for more than one year, you may hold it , but not consider averaging at this point. Instead, you may hedge your position by shorting the stock below 1330, https://wp.me/p5l3Hb-st thereby accruing short term gains against your holdings which would thereby reduce your buying cost.

    1. Vedanta is looking weak in short term. The stock has a support at 275-272 odd levels which if broken on closing basis may again drag the stock 10-12% lower.

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