Trading Calls: HDIL, Coal India & NIIT Tech No ratings yet.

Trade Date- 05/03/2018

(1) HDIL: The stock has been trading below all the major support levels and has recently broken its immediate support placed at 50/- odd levels. The supply on the downside is expected to continue in the short term.

Technical pattern: Below 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <48 51.50 46.5 45.5

(2) Coal India: The stock witnessed a gap-up opening in the last session and managed to close at the highs of the day. The counter may again witness fresh longs above 315/- odd levels.

Technical pattern: Gap-up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >315 310 318 321

(3) NIIT Tech: The stock had a good run-up in the last trading session and an increase in open interest suggest that there is more steam left in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Increase in OI+Price

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >875 860 882 892

 


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Author: Traders' Chowk

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