Trading Calls- Strides Shasun, Marico & Nestle No ratings yet.

Nifty Trading tips

Trade Date-12/06/2018

(1) Strides Shasun: After a recent pull back rally, the stock is again geared to resume its underlying weakness and may be shorted below 345/- for targets mentioned below.

Technical pattern: Below 50-Day SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <345 370 325 305

 

(2) Marico: The stock has broken out of a strong resistance place at 340 odd levels and looks strong for June series.  Coinciding with strong ADX reading, the trend is expected to continue in coming sessions.

Technical pattern: ADX>25
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >354 346 364 375

 

(3) Nestle:  The counter is looking very bullish, with strong momentum on buy side. The demand in the counter is expected to continue with more vigor above the psychological mark of 10,000.

Technical pattern: Bullish Crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >9965 9600 10,200 10,500

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Author: Traders' Chowk

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