Trading Calls: Raymond, Reliance Cap & Jubiliant Foodworks No ratings yet.

1) Raymond: With a strong rollovers in last session the stock is expected to give a fresh breakout 847/-. The specific trading plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >847 815 858 878

(2) Reliance Capital :  The stock has been trading below its major support levels. The supply in the counter is expected to increase in short term and the specific trading plan for the stock is as follows:

Technical pattern: Below 200-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <559 580 551 539

(3) Jubiliant Foodworks:  The stock is trading at fresh highs , the momentum looks strong and any break above 1488/- may further take the stock to new highs. The specific trading plan for the stock is as follows:

Technical pattern: 52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >1488 1418 1499 1527

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Author: Traders' Chowk

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