Trading Calls- Shriram Transport Finance, PTC India &Titan No ratings yet.

Nifty Trading tips

Trade Date-20/07/2018

(1) Shriram Transport Finance: The stock has entered into an overbought territory and looks poised for a retracement . Fresh shorts may be initiated below 1177 for targets mentioned below.

Technical pattern: Stochastic- Overbought
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <1177 1205 1157 1110

 

(2) PTC India: The stock has been trading below major support levels and looks very bearish in short term. Any break below the threshold levels of 68.85 may be taken as an opportunity to short this counter.

Technical pattern: Bollinger Bands
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <68.85 72 65 62

 

(3) Titan: The stock has been gaining strength for past couple of sessions and the relative strength index indicates that the momentum may continue in short term.

Technical pattern: Rising RSI
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >875 857 890 910
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Author: Traders' Chowk

3 thoughts on “Trading Calls- Shriram Transport Finance, PTC India &Titan

    1. The stock may witness more profit booking below 1970 odd levels, currently trading at 1981. For fresh buying, TCS may be considered above 2000/- levels.

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