Trading Calls: Jaiprakash Associates, Divis Lab & Marico No ratings yet.

Trade Date- 16/03/2018

(1) Jaiprakash Associates: The stock has witnessed a good volume breakout in last trading session and the momentum in the counter is expected to continue above 19.30.

Technical pattern: Volume breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >19.30 18.30 20.10 20.90

(2) Divis Lab: The stock has formed a bullish candlestick pattern which suggests higher levels in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1092 1072 1105 1120

(3) Marico: The stock gave a negative closing in the last session and the roll-over data suggest that that is more to witness in the recent down move of the stock. Placed in favor of the bears, the stock can be sold below 300/- for targets mentioned below:

Technical pattern:  Fresh Breakdown

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <299 306 296 291

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Author: Traders' Chowk

7 thoughts on “Trading Calls: Jaiprakash Associates, Divis Lab & Marico

  1. BEL is consolidating in a very narrow range. Since you have April futures, you may hold your positions with these levels: Stop Loss-148.5, Target 1-156.5, target 2-158.5

    1. Nifty is looking weak for this series and the upside seems capped at 10,400-10,600/- and if nifty breaks
      10, 175 levels in coming sessions then more lower levels towards 10,100-10,075/- may be witnessed.

  2. M&M Put 700- The stock is not looking that weak that a PE which is almost 5-6% farther from the current stock price will become profitable in 8 days to expiry.
    You shall try to cut your losses if the stock goes above 746/-

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