Trading Calls- Larsen & Toubro, PC Jeweller & BPCL No ratings yet.

Nifty Trading tips

Trade Date- 29/05/2018

(1) Larsen & Toubro:  After a small period of consolidation, the stock is again geared up to continue its underlying trend. Fresh longs may be initiated above 1385 for targets mentioned below

Technical pattern: >50-Day SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1385 1360 1420
1470

 

(2) PC Jewellers:  The stock has shown some irrational moves in May series and the bias still seems to be on sell side. The counter may be shorted below the latest support of 174 for targets mentioned below

Technical pattern: Bearish Cadndlestick
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <174 180 167 157

 

(3) BPCL: The stock has witnessed a gap up opening in the last trading session and managed to close above its 20- Day SMA, suggesting a shift in underlying momentum. Fresh longs may be initiated above 406 odd levels.

Technical pattern: Gap-up opening
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >406 396 414 425

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.

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Author: Traders' Chowk

59 thoughts on “Trading Calls- Larsen & Toubro, PC Jeweller & BPCL

  1. Hello mam.

    Can you please advise me about BEL? Is it worth buying at CMP May future for 4 to 5 rupees upside in couple of days?

    Thanks

    1. Hello,
      BEL may gain more upside momentum > 125.70. You may buy it above the said level.

    1. HCC looks very weak in medium term., you may hold your position with stop loss@ 15 odd levels. If the stock breaks 15 in coming months, it may further depreciate in value 10-15%.

      Motilal Oswal again looks weak. You may hold your position with stop loss@905 odd levels.

  2. Hi Maam. I have bought 500 shares of Ashokleyland at the price of 160.. now what should I do?? sell or hold

    1. You may hold your position with stop loss@ 139-140. If the stock crosses 150 in coming sessions, it gain more momentum and stock may touch 154/157 levels, where you may consider exiting.

    1. India Cements looks good above 135 odd levels, may be hold above this level for targets 137/139 (intraday targets)
      REC looks good above 120.80, may be hold >this level for targets 122/124. (intraday targets)

    1. Cadilla looks weak below 362 odd levels. If the stock breaks this level in coming 1-3 days, the stock may gain more downside momentum, and lower levels upto 355/347 may be witnessed .

  3. Hi.. Really appreciate your work ..
    Would be obliged if u take time to reply your view on ttk healhcare bought at 1050/- , currently at a loss of over Rs 110/- per share

    1. Thank you.
      TTK healthcare is in a retracement phase and may loose more below 904 odd levels. The stock may shed 7-10% more, if it closes below this level. You may place a stop loss @904-900 odd levels and hold your position.

    1. In short term, the stock may gain buy momentum above 417 odd levels and the counter may touch 426/435, but the medium term momentum is still on downside and your buy price which is almost 25% farther from CMP may take time to reach. The upside in the stock looks capped, you may place stop loss@395 and hold your position. Below this level, the stock may continue its downtrend.

    1. If you are a short term trader, you may place stop loss@660 odd levels and hold your position.

      If your view is of long term, you may hold your position. The stock looks good in long run. Short term fluctuations are part and parcel of markets.

    1. Lemon tree may gain buying momentum > 70 levels but reaching your buying cost may take time to reach. If you are a long term investor, you may hold position with stop loss@67.50

    1. Wockhardt is in a pull back mode and Upside looks capped in this stock. For short term, it may be bought above 710 levels for short term targets 720/730. BEML looks weak, if you already have a position , you may place a stop loss@ 925 odd levels and may consider exiting at this level.

    1. Escorts looks good above 935 odd levels. Fresh buy may be initiated above this level for targets of 945/960 (short term targets)

        1. Escorts looks good above 935 odd levels. Fresh buy may be initiated above this level for targets of 945/960 (short term targets)

          1. Please confirm SL for ESCORTS for May series to chase for 2nd target of 960 as given..Many Thanks for your guidance ..1st target of 945 achieved as given

  4. Hello ma’am
    Can you advice me about unichem lab. Ltd. Bought it @ ₹381.76. Should I sell or hold?
    Thankyou

    1. Kwality looks very weak in short -medium term. The stock may fall 10-15% further, if it breaks 45 on downside.

      Bhusan Steel is witnessing a series of Upper circuits and though, it may look quite lucrative in short term, the risk associated with the counter is still high and in my opinion, it should be avoided.

  5. Hello Ma’am
    I did not see my message hence typing again
    I want your advice on BEML bought at 1140 and Wockhardt bought at 740

    1. Wockhardt is in a pull back mode and Upside looks capped in this stock. For short term, it may be bought above 710 levels for short term targets 720/730. BEML looks weak, if you already have a position , you may place a stop loss@ 925 odd levels and may consider exiting at this level.

  6. I entered Raymond @1057 yesterday and now it’s down today? Should I average? Or Wat Sl should I place! -nd can I c my buy price this week? Plz reply mam thanks

    1. Hello Khyati, I would not recommend you to average, that will only increase your risk. Assuming, u have position in June futures, you may hold with stop loss@ 1012 (cash level)

          1. Mam as per the closin of Raymond, was it a STBt today? Can I get a price of 1040 tmrw? Plz reply mam

  7. nice trade today in pcjewllers n lt now we holding bpcl and today also result can i know result expectation n holding view for 1-2 days

  8. Mam,

    I have daawat shares at 84 and EIL at 153. Should I hold or AVG it. Daawat is trading at 76 and EIL at 136.

    1. I think its LT foods, looking weak in short term. Not advisable to average at this point of time. You may hold it but below 75, the stock may witness further lower levels.

      EIL is also looking weak in short term, below 133/132 levels the stock may see further downfall. Not advisable to average at this point of time.

  9. Hi Mam

    Can u please suggest long term for Strtech . I have bought it at 356
    And Gravita ltd also at 198

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