Trading Calls: Reliance Naval, Raymond & M&M Finance No ratings yet.

Trade Date- 05/01/2018

(1) Reliance Naval:  A counter which has recently witnessed an irrational exuberance when the counter moved 100% in a week’s time now seems ready for a pullback. The counter may be shorted below 56/- for levels mentioned below:

Technical pattern: Bearish candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <56 60.25 51 48

(2) Raymond: The stock has been in an intact uptrend which indicates strong momentum in the counter. Every breakout provides a fresh buying opportunity.

Technical pattern: Fresh breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1105 1070 1142 1192

(3) M&M Finance: The stock has formed a Bullish chart pattern and is a buy above 486/- odd levels. The specific trading plan for the stock is as follows:

Technical pattern:  Bullish Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >486 467 499 519

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Author: Traders' Chowk

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