Trading Calls: Godrej CP, HDIL & Maruti No ratings yet.

1) Godrej CP: The counter is trading above all major support levels and looking technically strong above 1010/-. The specific trading plan for the stock is as follows:

Technical pattern: EMA Crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1010 970 1025 1046

(2) HDIL:  The stock is looking very weak on charts and the candlestick pattern is suggesting a forthcoming sell off. The specific trading plan for the stock is as follows:

Technical pattern:  Three Outside Down

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <56.45 58.80 55 52

(3) Maruti:  The stock is trading at fresh highs , the momentum looks strong and any break above 8620/- may further take the stock to new highs. The specific trading plan for the stock is as follows:

Technical pattern: 52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >8620 8510 8662 8715

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Author: Traders' Chowk

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