Trading Calls: Jet Airways, Balkrishna Ind & Hero MotoCorp No ratings yet.

(1) Jet Airways: After a recent correction, the stock is again poised to continue its upmove. The specific trading plan for the stock is as follows:

Technical pattern: Bullish daily Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >682 658 692 702

(2) Balkrishna Ind:  The stock has witnessed a consolidation for the past few weeks. Yesterday’s closing however, indicate a fresh breakout which may take the counter to fresh highs. The specific trading plan for the stock is as follows:

Technical pattern:  Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2210 2140 2243 2286

(3) Hero MotoCorp:  The stock witnessed strong sell-off in the last session and a strong rollover on short side which suggest sellers in queue. The specific trading plan for the stock is as follows:

Technical pattern: Increase in OI

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <3515 3580 3490 3454

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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