Trading Calls- LIC housing Finance, Cadila Healthcare & Ajanta Pharma No ratings yet.

Nifty Trading tips

Trade Date- 22/05/2018

(1) LIC Housing Finance: The stock has formed a bearish chart pattern on weekly charts and has already broken the neckline of the pattern indicating fresh shorters in the counter.

Technical pattern: Distribution Pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<471
481
462
445

 

(2) Cadilla Healthcare: The stock has been in an intact downtrend and is trading below major support levels. Next leg of selling may continue below 349 odd levels, which is the latest support for the counter.

Technical pattern: Below 20 SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<349
357
342
336

 

(3) Ajanta Pharma: The stock has been under tremendous selling pressure for past 2 weeks and there seems to have no respite for the bulls yet.  The charts are still looking very weak and the existing selling spree may continue below the immediate support level of 978/-.

Technical pattern: SMA crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<978
996
968
940

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

15 thoughts on “Trading Calls- LIC housing Finance, Cadila Healthcare & Ajanta Pharma

  1. Plz give me ur levels for just dial for tmrw? I’m holdin sell trade. Can I hold.my sell with what Sl! And also how are the results? Thanks

    1. For Just dial, you may hold short position, if the stock breaks breaks 400/- level tomorrow. Below 400/- the stock may witness more selling pressure. Stop loss for the trade may be put at 420.

    1. Manappuram Finance looks weak below 111 odd levels. If you are already long, you may place stop loss at 111 odd levels.

    1. Shree cement looks weak in short term & Any break below 15,997 odd levels may witness fresh sell off taking the stock to lower levels

  2. Hi Mam,
    It seems synd. Bank hit the SL. Did short PFC at ur given level. Can i hold tom. Also.pl. advice

    1. India Cement is in a downtrend and looks weak in short term. Any break below 126 odd levels, may further see more selling pressure.

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