Trading Calls- JP Associates, Sun Pharma & M&M No ratings yet.

Nifty Trading tips

Trade Date- 25/06/2018

(1) JP Associates: The stock has been witnessing good deliverable volumes for past few sessions and looks good in short term. Next leg of buying may start above the immediate resistance of 17.50.

Technical pattern: Volume breakout
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >17.50 16.80 18.50 19.5

 

(2) Sun Pharma: The stock has been reviving from its lows and has entered into a bullish zone. The counter is still in favor of bulls and fresh longs may be initiated above 582 for targets mentioned below

Technical pattern: Reversal pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >582 570 592 605

 

(3) M&M: The stock has formed a bullish candlestick pattern and the buy momentum would gain more steam above above 913 odd levels.

Technical pattern: Bullish Candlestick
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >913.5 900 924 940

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Author: Traders' Chowk

9 thoughts on “Trading Calls- JP Associates, Sun Pharma & M&M

    1. Star is one stock which has been very volatile recently. Trading in a very narrow range , the stock may be shorted below 389 odd levels.

  1. Mam, what is your view in Aksh OptiFiber ? I have 500 Qty at 38..Till what time it should give profit ?

    1. The stock is looking weak so at this point of time, instead of waiting to make profits, you shall focus more at limiting your paper loss, as the stock looks poised for more down move. Below 27.90, the stock may further drift lower.

    1. Hello, Tata Motors is looking weak and may fall more once it breaks 287/286 odd levels. In my opinion, you shall wait for taking fresh buy position in this stock.

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