Trading Calls: RBL Bank, Kotak Bank & Ajanta Pharma No ratings yet.

Trade Date- 08/01/2018

(1) RBL Bank: The stock has witnessed an increase in open interest in the last trading session which indicates longs queuing up in the counter. The up move is likely to continue above the threshold levels of 543/-.

Technical pattern: Open Interest build up

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >543 525 553 566

(2) Kotak Bank:  The stock has been trading in a zone for quite some time and has taken support at 980-1000 odd zone.  Any break above 1010/- levels may witness spiked momentum and higher levels may be seen.

Technical pattern: Break of 50-Day SMA

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1010 985 1028 1048

(3) Ajanta Pharma:  The stock has formed a Bullish candlestick pattern on daily charts which suggest strong momentum in the counter. The stock may be bought above 1531/- for upside targets mentioned below.

Technical pattern: Bullish Chart Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1531 1490 1568 1598

 


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Author: Traders' Chowk

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