Trading Calls: Infosys, NIIT Tech & Hindalco No ratings yet.

(1) Infosys: After witnessing a Gap-up opening, the stock has shown a strong closing in the last session. Follow through buying in the counter is expected above 940/-.  The specific trading plan for the stock is as follows:

Technical pattern: Fresh breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >940 920 952 969

(2) NIIT Tech:  Trading above all the major support levels, the stock is making new highs which depicts strong momentum in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Fresh Highs

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >608 580 619 662

(3) Hindalco:  After a period of retracement, the stock has just entered in a demand zone with MACD indicator turning green. Any break above 254 may be bought for further upside. The specific trading plan for the stock is as follows:

Technical pattern: MACD Crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >254 245 263 272

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

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