Trading Calls- Lupin, Reliance Capital & HDFC No ratings yet.

Nifty Trading tips

Trade Date-05/07/2018

(1) Lupin: The stock has been building up momentum and has given a positive breakout in last session. Long positions may be initiated above 940 odd levels.

Technical pattern: Bullish Candlestick
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >940 925 952 967

 

(2) Reliance Capital: The stock has been drifting lower and the bears seems to have an upper hand in the counter. A bearish pattern on charts further confirm the selling pressure in the stock.

Technical pattern: Descending Triangle
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <359 366 352 345

 

(3) HDFC: The stock has been showing strength ever since it has broken the resistance levels  at 1880/-.  Fresh longs may again be initiated above 1927 odd levels for targets mentioned below.

Technical pattern: Above 20 Day SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1927 1899 1950 1960
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

7 thoughts on “Trading Calls- Lupin, Reliance Capital & HDFC

    1. Maruti looks moderately strong in July series. If you have shorted the 8900 PE, it looks fine. But if you have bought it, then you should cut your losses if the stock goes above 9360 in next 1-2 sessions.

    1. In short term, Jindal Steel looks strong above 222 odd levels. For fresh buying, the stock may be bought above the said level.

      Rcom may become more volatile in coming days. Better to avoid taking position as of now, untill the trend becomes clearer.

    1. IOC may extend gains in next few sessions, if it crosses 160 odd levels on closing basis.

Leave a Reply

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