Trading Calls: Jet Airways, Reliance Infra & V-Guard No ratings yet.

(1) Jet Airways: The stock has built a Bullish chart pattern on daily charts and is looking very strong. The new found resistance is placed at 725/-, which is most likely to be broken on upside. The stock may be bought above 725/- for targets mentioned below.

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >725 698 738 759

(2) Reliance Infra:  The stock has been an under performer and has repeatedly shown weakness in a strong market. The counter can be shorted below 440/- odd levels for targets mentioned below.

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <439 454 428 416

(3) V- Guard:  The stock is consolidating at levels of 220-240 for quite few weeks and seems to be ready for a new breakout above 240/- odd levels.

Technical pattern: Consolidation

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >240 225 256 268

 


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Author: Traders' Chowk

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