Trading Calls: RBL Bank, Biocon & Blue Star No ratings yet.

1) RBL Bank: . The counter is looking technically strong above 518/- which also coincides with its 10 day SMA. The specific trading plan for the stock is as follows:

Technical pattern: Fresh Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >518 507 525 535

(2) Biocon:  Although, the stock  in a retracement phase it has just formed a Bullish pattern on charts which suggest that any break above 353/- may further increase supply in the counter. The specific trading plan for the stock is as follows:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >353 342 360 372

(3) Blue Star:  The stock is trading at fresh highs , the momentum looks strong and any break above 805/- 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 >805 790 815 840

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Author: Traders' Chowk

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