Trading Calls: Larsen & Toubro, Lupin & Idea Cellular No ratings yet.

Trade Date- 28/03/2018

(1) Larsen & Toubro: The stock has formed a bullish setup on charts and looks good above 1310 odd levels. The counter may witness fresh longs above the said level.

Technical pattern: Gap-up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1310 1296 1322 1361

(2) Lupin: The stock has entered in an oversold zone and is poised for a possible bounce back, which can take the stock to higher levels.

Technical pattern: Oversold zone

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >754 744 761 771

(3) Idea Cellular: The stock is looking very weak on daily charts and is already trading   near an important support zone. Another leg of selling may be triggered below  79.50/- and the stock may be shorted at this level for targets mentioned below.

Technical pattern: Support zone break

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <79.50 81.70 78.20 76.00

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Author: Traders' Chowk

8 thoughts on “Trading Calls: Larsen & Toubro, Lupin & Idea Cellular

  1. Mam..jet airways has performed well today after many sessions..is it good to go long for jet airways for april futures after seeing trend in one more trading session?

  2. Can you please advise whether should I hold or sell delta Corp which I purchased for 310 per share long term investment.

    1. For short term, the stock is looking weak and any break below 240/- odd levels may again trigger a fresh sell-off in the stock.

      But since you have bought for long term (1-2 years), then you may consider holding it and may opt for hedging your position so that you could off-set the short term loss in your long position.

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