Trading Calls: Just Dial, KPIT Cummins & Oriental Bank No ratings yet.

Trade Date- 31/01/2018

(1) Just Dial: The stock has witnessed an increase in open interest in the last trading session which indicates shorts queuing up in the counter. The selling spree is likely to continue below the immediate support levels of 515/ -.

Technical pattern: Open Interest build up

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <515 525 507 498

(2) KPIT Cummins:  The stock has formed a Bullish candlestick pattern on daily charts which suggest strong momentum in the counter. The stock may be bought above 224/- for upside targets mentioned below.

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >224 218 230 236

(3) Oriental Bank:  The stock has formed a Bearish candlestick pattern on daily charts which suggest strong selling pressure in the counter. The stock may be shorted below 116/- for targets mentioned below.

Technical pattern: Bearish Chart Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <116 119 114 112

 


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Author: Traders' Chowk

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