Trading Calls: Fortis Health, Oriental Bank & Vedanta No ratings yet.

Trade Date- 26/02/2018

(1) Fortis Health: The stock has witnessed huge volume buying in the last session and is already displaying a bullish pattern on daily charts which indicate follow-up buying in coming sessions.

Technical pattern: Bullish Chart Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >163 157 169 175

(2) Oriental Bank: The stock has been in a downtrend and further weakness may be seen in the counter below the levels of  104/-. The specific trading plan for the stock is as follows:

Technical pattern: Fresh breakdown

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <103 108 98 95

(3) Vedanta: The stock gave a positive closing in last session and the deliverable volume suggest that that is more to witness in the recent up move of the stock. Placed in favor of the bulls, the stock can be bought above 341/- for targets mentioned below:

Technical pattern:  Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >341 334 346 350

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

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