Trading Calls: Granules, Jindal Steel & TCS No ratings yet.

Trade Date- 12/01/2018

(1) Granules: The stock has witnessed an increase in open interest in the last trading session which indicates longs queuing up in the counter. The up move is likely to continue above the threshold levels of 148/-.

Technical pattern: Open Interest build up

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >148 142 154 158

(2) Jindal Steel:  The stock has been witnessing increased delivery volumes since past few sessions.  Any break above 270/- levels may again witness spiked momentum in the counter.

Technical pattern:  Resistance break

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >270 263 276 281

(3) TCS: The stock has recently given a breakout and has come out of a resistance zone placed at 2700-2750. The stock may be bought above 2822/- for upside targets mentioned below.

Technical pattern: Bullish Chart Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2822 2780 2860 2910

 


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Author: Traders' Chowk

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