Trading Calls- RCOM, Mahindra & Mahindra & ICICI Bank No ratings yet.

Nifty Trading tips

Trade Date- 31/05/2018

(1) RCOM:  The stock has given a volume breakout  in today’s session and the up move may continue above 17.85 levels

Technical pattern: Volume breakout
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >17.85 17.30 19 21

 

(2) Mahindra & Mahindra:  The stock is in an intact uptrend and looks good above 900 odd levels. Fresh longs may be initiated above 901 for targets mentioned below.

Technical pattern: 52-week high
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >901 880 915 930

 

(3) ICICI Bank: After a gap down in the last session, the stock failed to recover from lows of the day indicating inherent weakness.  Fresh shorts may be initiated

Technical pattern: MACD- Sell
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <282 289 277 271

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Author: Traders' Chowk

5 thoughts on “Trading Calls- RCOM, Mahindra & Mahindra & ICICI Bank

    1. The upside in Voltas looks limited in June series. You may hold your position with stop loss@530 and for target 555/565

    1. You may hold the position if the stock closes above 1130 in next 1-3 sessions. The stock is looking good overall.

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