Trading Calls: PC Jeweller, Godrej CP & Maruti No ratings yet.

(1) PC Jeweller: A gap-up opening and a strong closing in the last session  suggest that the stock may witness higher levels in coming sessions. The stock can be bought above 355. The specific trading plan for the stock s as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >355 336 365 380

(2) Godrej Consumer :  After going through a retracement phase , the stock now looks geared up for continuation of its underlying uptrend. A strong rollovers on long side also suggest the same.The specific trading plan for the stock is as follows:

Technical pattern: Increase in OI

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >956 930 967 987

(3) Maruti:  A bearish candlestick pattern on daily charts  along with an increase in OI (Open Interest) suggest that more downfall is still on cards in this counter.The specific trading plan for the stock is as follows:

Technical pattern: Bearish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <7855 7950 7810 7760

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

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