Trading Calls: DLF, ITC & Ceat No ratings yet.

Trade Date-10/01/2018

(1) DLF: Trading in an uncharted territory, the counter is placed aptly to touch new highs above the resistance of 272/-. Specific levels are mentioned below:

Technical pattern: Bullish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >272 260 279 284

(2) ITC: The stock has finally managed to close above the major support of 50-Day SMA along with good delivery volumes. The stock may be bought above 272/- odd levels for targets mentioned below:

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >272 265 281 292

(3) Ceat:  Ceat has given a bullish crossover signal which makes it a buy candidate. The stock can be bought above 2010/- for levels mentioned below:

Technical pattern: SMA crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2010 1960 2032 2090

 


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Author: Traders' Chowk

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