Trading Calls- Reliance, Infosys & Dr. Reddy No ratings yet.

Nifty Trading tips

Trade Date-02/07/2018

(1) Reliance: The index heavy weight is poised for a breakout sooner or later.  976 is the latest resistance that needs to be broken in order for the stock to gain momentum.

Technical pattern: Bullish Candlestick
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >976 965 986 1010

 

(2) Infosys: The stock has been able to maintain bullish momentum in spite of drag-downs in underlying index which indicates inherent strength. Next leg of buying may trigger above 1315 odd levels.

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1315 1301 1340 1360

 

(3) Dr Reddy: The stock has been trading in an overbought zone and looks poised for a breakdown. Any break below 2220 will trigger fresh sell off in the counter.

Technical pattern: Bearish Crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <2220 2254 2180 2150
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Author: Traders' Chowk

9 thoughts on “Trading Calls- Reliance, Infosys & Dr. Reddy

  1. Sir I am holding PNB, ROYAL ORCHID, INDIABULLS REAL, KWALITY, DLINK INDIA, HDIL. Plz plz suggest what to do? Whether hold for long term or sell???

    1. PNB, India bulls , Kwality, Dlink all look ver weak, Not a suitable pick for portfolio addition. All theses stock may witness lower levels in short/medium term.

    1. Hind Copper looks very weak. In my opinion, it is better to exit this stock as it may witness more selling pressure below 59 odd levels. The stock is currently trading at 60.

  2. Sir, I am holding idbi from 54… The price is continuously going down.. should I hold or exit at current market price???

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