Trading Calls: KPIT Technologies, Bata India & PNB No ratings yet.

Trade Date- 23/04/2018

(1) KPIT Technologies: The stock has formed a bullish chart pattern and is already trading at fresh breakout levels. Any break above 247/- would further accentuate fresh longs in the counter

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >247 241 254 262

(2) Bata India: The stock has regained bullish momentum and is again geared up for action, in favour of bulls. The counter may be bought above 802/-  for targets mentioned below

Technical pattern:  20-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >810 795 823 840

(3) PNB: The counter looks exhausted after a short covering rally and a subsequent run off. The stock is now back in its trend and fresh shorts in the counter may again drag it to lower levels.

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <92.70 96 89 84

 


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

23 thoughts on “Trading Calls: KPIT Technologies, Bata India & PNB

  1. Hello miss,
    I need your advice for bhushan steel, should i buy from here @33.30 or wait for some more dip
    I have bought 800@55.61
    I am looking for average plz guide

    1. Hello,

      The basic rule of averaging a stock is that you shouldn’t be averaging a falling knife. Averaging is done when the stock is geared up for revival and Bhusan steel is not among those. Its a very weak stock and there might be room for more downside in this counter in medium term.

      In my opinion, Its better to buy a stronger counter than to average this stock, where chances of appreciation of capital are better.

    1. Voltas is looking good and chances of profiting from 640 PE April series looks less.

      You may hold your position but in order to profit from your position, the stock shall move below 937.5 which is the break even price.

  2. Evening Dr.Priyanka, can we initiate longs in Maruti anticipating a good result on Friday. Also can you throw some light on Indigo along with Voltamp transformers. Thanks

    1. Hi Munesh,
      Initiating a fresh position (esp in futures) based on anticipation of good quarterly results is not a good idea; coz the stock may experience a great amount of volatility on results day which might not be in twine with the results.

      Hedging an already existing position or initiating a fresh position in options have a different trading perspective, though.

  3. As per the closin of kpit., are there any chances of getting 246 in this week. Wat does the closin suggest? Even in tech mahindra the day Sl was hit, the very next day it made an high of 789 so I’m holding the trade. Can u plz post target for tmrw as per todays closing. And I wanted to knw ideally rite now Wat is the support level of bata?

    1. Hello Khyati,

      KPIT is still looking good and if today’s closing is above 246.60-247/- odd levels, you may hold the trade for higher targets as mentioned in the post above.

      Immediate support for Bata is placed 775/776 odd levels.

  4. Thank u Priyanka madam
    Your advice on kpit , bata
    Did sell kpit @ 159.50& bata @ 814 on Friday 27
    My next query is on mindtree buy@1066
    Ashokleyland @ 165.50 futures one lot each need ur advice
    Thank u

  5. Thank u Priyanka madam
    Your advice on kpit , bata
    Did sell kpit @ 159.50& bata @ 814 on Friday 27 profit only
    My next query is on mindtree buy@1066
    Ashokleyland @ 165.50 futures one lot each need ur advice
    Thank u

  6. Hello,
    Good to know that you are booking handsome profits in the calls suggested.

    The immediate support for mindtree is at 1040 odd levels, if the stock slips below that, the stock may touch 1030/1020 odd levels. You may place a stop loss at this level.

    I gave a BUY on Ashok Leyland on 24 th April- https://wp.me/p5l3Hb-sh & the call has already met the targets. Since you bought at higher levels you may hold your position above 160 and place a stop loss @159.

Leave a Reply

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