Trading Calls- PNB, Lupin & Jet Airways No ratings yet.

Nifty Trading tips

Trade Date- 16/05/2018

(1) PNBThe stock has repeatedly failed to find a base at lower levels and bears still seems to have an upper hand. In today’s session, the stock has yet again failed to maintain momentum at higher levels and has broken the existing trading range on the downside thus confirming the inherent weakness in the stock.

Technical pattern: Trading range breakdown
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<83.50
86
80
75

 

(2) Lupin: The stock is already in a downtrend, trading below major support levels of 50 Day SMA and 20 day SMA. The bearishness in the counter is expected to continue in short term and it may be shorted below 740 odd levels for targets mentioned below.

Technical pattern: Triple SMA crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<740
750
732
715

 

(3) Jet Airways: The stock has formed a bearish distribution pattern on daily charts and is already trading below the neckline of the pattern, thus reaffirming the distribution. The stock may be shorted below 436/- odd levels for targets mentioned below.

Technical pattern: Head & Shoulders Pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<436
444
431
422

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

6 thoughts on “Trading Calls- PNB, Lupin & Jet Airways

  1. Dear Mam,
    Most of the times ur trigger price is already active by the time the market opens (9 a.m). In that case can i place my bid before pre opening session. Pl. Advice

  2. Dear Mam,
    Regarding oriental , came down to 77.8. I didn’t trade. Can i short if the price reaches ur level again? Pl. Advice

    1. Oriental Bank has already been triggered@81 and is trading near its target. You may avoid it, if you have not entered till now.

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