Trading Calls: Jet Airways, Apollo Tyres & Mahindra & Mahindra No ratings yet.

Trade Date- 17/04/2018

(1) Jet Airways: The stock has been in an oversold zone for a while and looks apt for an up move in short term. The counter may be bought above the threshold levels of 620/- for targets mentioned below

Technical pattern: Oversold zone

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >620 609 632 642

(2) Apollo Tyres: The stock has formed a long white candlestick in the last trading session which suggest forthcoming bullishness in the counter.

Technical pattern: Bullish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >303 297 310 315

(3) Mahindra & Mahindra: The stock is trading above all major support levels and seems appropriately placed for yet another up move. Any break above 805/- odd levels may again trigger fresh demand in the counter.

Technical pattern: SMA crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >805 792 820 850

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

13 thoughts on “Trading Calls: Jet Airways, Apollo Tyres & Mahindra & Mahindra

    1. From a 2 months perspective, Exide looks best followed by LT foods. I would not consider MGL as a pick for short term investment as the counter looks very weak in the stated time duration.

  1. Mam,

    I have lakshmi Villas Bank shares at 122. Considering it as a weak counter, should i hold or exit as i can wait for long term & mam what could be right price where i can avg it.

    1. The counter is very weak and not suitable for averaging at this point of time. Averaging shall be done when the counter is ready for revival, chances of which seems very bleak now.

  2. Since it is a news based counter, much of it depends on how the quarterly results are for the counter. The results will be announced today. Technically, the stock looks good above 3200/- and 3250 CE may be held if the stock breaks above 3200/- specifically in 1-2 sessions

  3. Bpcl, hpcl and ioc are bottomed out or still more downside left?

    Will tata motors jump back from.here or still weak?

    Icici bank is still hold based on your recommendation?

    1. BPCL, HPCL and IOC , all three are looking weak and signs of bottoming out are still not visible.

      Tata motors still looking weak. Any close below 330/- odd levels may trigger fresh sell off in the counter.

      Icici Bank has been advised a SELL and downside targets have already been achieved. The stock still looks weak, though.

  4. Madam I am holding one lot of Apollo tyres at 303.I didnot put a stoploss of 297 as suggested by you.Now price is 285. Should i hold or exit

    1. If the stock goes above 288 odd levels in next 1-2 sessions, you may hold your position and may exit between 292-294 odd levels, thereby reducing ur loss. On the downside, immediate stop loss shall be placed at 282 odd levels

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