Trading Calls: Indiabulls Housing, Lupin & Larsen Toubro No ratings yet.

Trade Date-09-01-2018

(1) Indiabulls Housing Finance: The stock has been trading in a tight range since many sessions and has finally managed to close above its 50-day SMA. The counter may be bought above 1230/- odd levels for targets mentioned below.

Technical pattern: Fresh breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1230 1180 1265 1308

(2) Lupin:  The stock has formed a bullish candlestick pattern on daily charts  which suggest that the buying momentum may continue in short term.The specific trading plan for the stock is as follows:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >930 900 960 990

(3) Larsen & Toubro:  The stock  has just broken out of a resistance zone and seems ready for a new up move. The specific trading plan for the stock is as follows:

Technical pattern: Breakout Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1346 1324 1366 1390

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Author: Traders' Chowk

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