Trading Calls: KPIT Technologies, TCS & PFC No ratings yet.

Trade Date- 15/03/2018

(1) KPIT Technologies: The stock has given a given a breakout in today’s session and is trading at new highs in an uncharted territory which indicates higher levels on cards. The stock can be bought above 231/- for targets mentioned below.

Technical pattern: 52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >231 221 236 241

(2) TCS: The stock has broken the support zone placed at 2900-2950 odd levels. The bears still, outweigh the counter and any break below 2860/- will again initiate a selling spree.

Technical pattern: Support Break

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <2869 2910 2840 2815

(3) PFC: The stock has broken down the major support levels and is looking very weak. Another leg of selling, may be initiated below the levels of 86/-.  The specific trading plan for the stock is as follows:

Technical pattern: 52-week low

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <85.95 89 84.00 81.00

 


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Author: Traders' Chowk

12 thoughts on “Trading Calls: KPIT Technologies, TCS & PFC

  1. Am holding Tata steel put for 17 pre , what to do with this now?

    Also PNB 90 put for the pre 4.5 what to do with this now?

    Please suggest

    1. Both stocks are looking weak in short term so, in a way buying PE looks theoretically right. But since you have bought OTM (out-of-the-money) PE, it might not help you in profiting in the same way as in cash/futures positions as options do not have linear pay-off unlike cash and futures.

      Also, there is only a week left to expiry which will also eat up the theta in your OTM options very quickly, so i think you should try to minimize your loss and get back your premium.

  2. Am holding Tata steel put for 17 pre , what to do with this now?

    Also PNB 90 put for the pre 4.5 what to do with this now?

    Please suggest

  3. Mam shall i buy TCS at the Level 2818.
    what do u think will it touch 3000 levels in the coming week ?
    shall i take the risk ?

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