Trading Calls: Reliance, Escorts & Apollo Tyres No ratings yet.

Trade Date- 01/03/2018

(1) Reliance: A high volume move and a strong closing in today’s session suggest higher levels in the counter in coming sessions. The stock may be bought above 957/- for targets mentioned below.

Technical pattern: Volume Breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >957 933 965 974

(2) Escorts: The stock has formed a bullish candlestick pattern on daily charts which suggest higher levels on charts. The stock can be bought above 900/- for targets mentioned below:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >900 880 908 918

(3) Apollo tyres: The stock has witnessed a strong up move in the last session along with an increase in open interest which indicates longs adding up in the counter. Any break above 276/- may again initiate fresh buying interest in the counter.

Technical pattern: Open interest Build up

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >276 265 282 286

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

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