Trading Calls: Jet Airways, Dish TV & IDFC Bank No ratings yet.

Trade Date- 23/03/2018

(1) Jet Airways:  The stock has formed an Head and Shoulders pattern on daily charts and is on the verge of break of the neckline, which is acting as the immediate support for the stock.

Technical pattern:  Head & Shoulders Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <637 660 624 612

(2) Dish TV: The stock is trading near an important support level and is in an oversold zone. The momentum indicators look ripe for a possible bounce back. The stock can be bought above 68 odd levels for targets mentioned below

Technical pattern: Oversold zone

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >68 65 69 72

(3) IDFC Bank: The stock is in a downtrend and has formed set of Dojis which further represents weakness in the counter.

Technical pattern: Doji Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <48.80 50.20 48.00 46.50

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.

Please rate this

Author: Traders' Chowk

12 thoughts on “Trading Calls: Jet Airways, Dish TV & IDFC Bank

    1. Out of all the stocks you mentioned for positional trade (6 months), I find HEG and graphite most appropriately placed. In all other stocks, you may get lower levels in coming weeks.

  1. MA’AM WHAT IS YOUR VIEW ON SUGAR SHARE LIKE DWARKESH SUGAR AND DALAI I THINK ALSO WILL GOES TOWARDS DOWN

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.