Trading Calls: Sun TV, Dr Reddy & M&M No ratings yet.

(1) Sun TV:  The stock has given a fresh breakout above 950/- and has managed to close above this level.  It can be bought above 955/- for targets mentioned below.

Technical pattern: Fresh breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >956 925 968 990

(2) Dr Reddy:  The stock has formed a bullish candlestick pattern on daily charts  which suggest that the buying momentum may continue in short term.The specific trading plan for the stock is as follows:

Technical pattern: Three White Soldiers Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >2400 2333 2450 2510

(3) M&M:  The stock is trading at fresh highs and strong roll-overs in last session suggest that the buying spree may still continue to rule. The specific trading plan for the stock is as follows:

Technical pattern: Increase in price+ Increase in OI

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >1530 1480 1560 1615

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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