Trading Calls: Maruti, ICICI Bank & Nestle No ratings yet.

Trade Date- 02/04/2018

(1) Maruti: After a brief period of retracement, the stock finally seem to find a base. The upside momentum may continue above the break of threshold levels of 8900/-.

Technical pattern: 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >8900 8800 8970 9050

(2) ICICI Bank:  The stock is in a downtrend  and is looking very weak as momentum on upside has waned. Any break below 276/- levels may again witness selling pressure rebuilding in the counter.

Technical pattern:  Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <276 286 269 260

(3) Nestle: The stock has broken a major resistance placed at 8000/- odd levels and is already  trading at fresh levels. The counter may witness fresh longs adding up above 8220/- for targets mentioned below.

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >8220 8100 8270 8370

 


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Author: Traders' Chowk

19 thoughts on “Trading Calls: Maruti, ICICI Bank & Nestle

    1. Delta corp is looking weak in short term. It is on the verge of yet another breakdown and any break below 240 odd levels may take the stock to lower levels in April series

    1. The stock is looking good and looks suitable for short term buying ( above 1820/- levels). Yes, it may witness some profit booking, though. Thats why entering at right levels is important.

    1. Fortis has witnessed much volatility in last few trading sessions. 120/- is a major support level for the stock. Any break below this level, may again drag the stock lower.

  1. Mam,

    I have Lakshmi Villas Bank shares at an avg price of 122 and RBL at 510. I am long term player. Pls suggest looking at current cmp of 96.should i hold or avg it.

    Thanks mam for valuable guidance.

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