Trading Calls- HDFC, Hindalco & CG Power No ratings yet.

Nifty Trading tips

Trade Date- 19/06/2018

(1) HDFC:  The stock is in a retracement phase and has formed a Bullish Divergence in Stocastic RSI indicator, which further indicates inherent strength in the counter at present levels.

Technical pattern: Bullish Divergence
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1835 1819 1890 1940

 

(2) Hindalco:  The stock is trading in an volatile range and any break on the downside of this range may be utilized as an opportunity to go short in this stock.

Technical pattern: Trading range break
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <229 235 224 219

 

(3) CG Power: The stock has formed a triple top pattern on weekly charts and looks extremely weak in short/medium term. Any break below 54.30 odd levels may used as an opportunity to short this counter

Technical pattern: Triple top pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <54.30 56.00 52 48

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

28 thoughts on “Trading Calls- HDFC, Hindalco & CG Power

  1. Hi madam as you said ncc below 109 sell
    Iam stuck in the same
    What is ur opinion on ncc -any rebound this week
    Please give ur opinion

    1. Yes, NCC still looks weak. Chances of rebound are less and if the stock breaks 101 in next 1-2 sessions, more lower levels may be witnessed. If you are already long and your view is of short term, you may place stop loss@ 100.

    1. Pharma sector is looking strong and Dr Reddy may witness more upside above the latest resistance of 2411/-. If the stock breaks 2411 in next few sessions, you may hold it for more upside.

    1. The stock looks weak below the latest support of 2839. If the stock breaks the said level tomorrow, more selling pressure may be seen which may take the stock to 2820/2800 levels( intraday levels)

    1. PCJ is a very volatile stock and very risky too. You may hold the stock if it crosses 165 on closing basis in june series, above which the stock may gain more buying momentum. On the downside 125 is an important support level which shall be used as a stop loss for your position.

    1. Rcom is a very volatile stock and though it is trading in a very narrow range, the overall sentiment is still negative in the counter. Below 14/- odd levels the stock may witness yet another 5-12% fall.

    1. L&T is looking weak in short term. Below 1305, the stock may slip up to 1295/1280. (short term levels)

    1. PCJ is a very volatile stock and very risky too. You may hold the stock if it crosses 165 on closing basis in june series, above which the stock may gain more buying momentum. On the downside 125 is an important support level which shall be used as a stop loss for your position.

  2. I am holding south ind bank 1000@27.3 indian bank 125 @386 and karnataka bank 500@ 166/.should I hold sell or buy.plz guide me.

    1. South Indian bank- very weak stock. You may place a stop loss at 23 for your position. Below 23, the stock may fall more. Indian Bank- You may hold your position with stop loss @345.
      Karnataka Bank looks weak in short term, stop loss-113. Below 113, there will be more selling pressure and the stock may fall 10-12% more.

  3. Hi, is there any chance for TCS to move up before June expiry? I am holding in 1 lot in 1800CE. Should I hold or exit.

    1. 1840 is an important level for the stock. If it surpasses this level in next 1-2 sessions, you may hold ur position. Otherwise its better to close the position.

    1. 1840 is an important level for the stock. If it surpasses this level in next 1-2 sessions, further upmove may be seen in the counter.

    1. Rain industries is looking weak. The immediate support for the stock is at 190 odd levels, below this the stock fall may accelerate. So,you may place stop loss at this level and may consider exiting at this level.

  4. Sunil hi-tech engineers what should we do with this I am holding 8000 shares at rs 12.5 currently trading at rs 3.7 I can hold for long term. Pls help and suggest I am loosing heavily

    1. Extremely weak stock and may remain under selling pressure in medium term. Just try to exit in case a lucky bounce back happens in this counter. Better to invest in quality stocks, this ione is not for investment.

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