Trading Calls: Hexaware, TVS Motors & Gail No ratings yet.

(1) Hexaware:  After a gap up opening in the last session, the stock witnessed a sell off leading to a weak closing. However, the buying momentum is expected to continue above 272-273  The specific trading plan for the stock s as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >273 262 280 290

(2) TVS Motors : The stock is in an intact uptrend and have been a great performer since last few months. Any breakout above 661 may take the stock to higher levels. The specific trading plan for the stock s as follows:

Technical pattern: 52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >661 635 676 687

(3) GAIL:  Huge gap up on charts followed by a strong sell off in the last session suggest that the weakness may continue in near term.The specific trading plan for the stock s as follows:

Technical pattern: Increase in Open Interest + Decrease in price

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <417 426 410 408

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.

 

Please rate this

Author: Traders' Chowk

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.