Trading Calls: Escorts,Apollo Tyres & Ashok Leyland No ratings yet.

Trade Date- 08/02/2018

(1) Escorts: The stock has been showing  strength in an otherwise panicky market for the last 3-4 trading session. The inherent strength is also supported by formation of a bullish candlestick pattern on daily charts.

Technical pattern: Bullish Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >923 900 934 945

(2) Apollo Tyre: The stock has formed a bullish chart pattern which indicates higher levels on charts. The stock may be bought above 270/- for levels mentioned below.

Technical pattern:  Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >265 253 272 278

(3) Ashok Leyland: Trading above all major support levels, the stock has just closed above the major resistance zone of 130-132 and is looking good for short term. The stock may be bought above 135/- odd levels for targets mentioned below:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >135 129 140 145

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Author: Traders' Chowk

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