Trading Calls: Larsen & Toubro, Motherson sumi & Bajaj Finance No ratings yet.

Trade Date- 27/02/2018

(1) Larsen Toubro: After a Gap-up opening in the last session, the stock witnessed a follow through buying and ended on a positive note. The upside momentum is expected to continue in the counter and the stock may be bought above 1350/- for levels mentioned below.

Technical pattern:  Gap up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1350 1330 1361 1371

(2) Motherson Sumi: The stock has been in a pull back mode which is expected to continue above 331/-. The stock can be bought above the said levels for targets mentioned below:

Technical pattern: Pull back mode

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >331 324 335 339

(3) Bajaj Finance: The stock has formed a bullish candlestick pattern on daily charts and higher levels may be seen in the counter above 1680/- odd levels.

Technical pattern: Three White Soldiers

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1681 1660 1692 1706

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Author: Traders' Chowk

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