Trading Calls: ICICI Bank, ITC & Interglobe Aviation No ratings yet.

Trade Date- 03/05/2018

(1) ICICI Bank: The stock has been facing resistance at higher levels and looks weak in short term. The counter may be shorted below 275/- for targets mentioned below

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <275 280 271 265

(2) ITC: The stock has shown a good volume breakout in the last trading session and is showing good trend strength pick up in ADX indicator. Fresh longs may be initiated above 289 odd levels.

Technical pattern: ADX indicator >25

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >289 284 298 310

(3) InterGlobe Aviation: The stock has given a breakdown in last 2-3 trading session and the counter seems to be in control of bears. The stock may be shorted below 1330 odd levels for yet another down move.

Technical pattern: Overbought MACD

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <1330 1360 1314 1282

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Author: Traders' Chowk

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