Trading Calls: HCL Tech, Havells & Lupin No ratings yet.

Trade Date- 13/04/2018

(1) HCL Tech: The stock has formed a bullish chart pattern is already trading at breakout levels. Any break above 1015/- would further accentuate fresh longs in the counter

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1015 996 1035 1060

(2) Havells: In last few trading sessions, the stock has regained the lost bullish momentum and is again geared up for action, in favour of bulls. The stock may be bought above 552/-  for targets mentioned below

Technical pattern:  20-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >553 543 562 571

(3) Lupin: The counter looks exhausted after a short covering rally and a subsequent run off. The stock is now back in its trend and fresh shorts in the counter may again drag it to lower levels.

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <771 784 762 750

 


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Author: Traders' Chowk

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