Trading Calls: Nestle, Hexaware & Amara Raja No ratings yet.

Trade Date- 14/02/2018

(1) Nestle: The stock has witnessed huge volume buying in the last session and managed to close above the latest resistance. A bullish pattern on daily charts indicate follow-up buying in coming sessions and the stock may be bought above 7175/- for upside targets.

Technical pattern: Bullish Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >7175 7130 7230 7262

(2) Hexaware: The stock has formed a Bearish chart pattern and further weakness may be seen in the counter below the levels of  324/-. The specific trading plan for the stock is as follows:

Technical pattern: Fresh breakdown

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <324 331 318 314

(3) Amara Raja: The stock gave a positive closing in last session and the deliverable volume suggest that that is more to witness in the recent up move of the stock. Placed in favour of the bulls, the stock can be bought above 455/- for targets mentioned below:

Technical pattern:  Volume Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >855 846 865 872

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

1 thought on “Trading Calls: Nestle, Hexaware & Amara Raja

Leave a Reply

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