Trading Calls: Tata Chemical, PC Jeweller & Bata India No ratings yet.

Trade Date- 04/01/2018

(1) Tata Chemical: The stock has witnessed huge volume buying in last session and closed just below the resistance zone of  758-760. A bullish pattern on daily charts indicate follow up buying in coming sessions and the stock may be bought above 758 for upside targets.

Technical pattern: Increase in OI

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >760 743 772 783

(2) PC Jeweller:  The stock is in an intact uptrend, trading above all major support levels. The buy side momentum is expected to continue in the counter above 480/-. The specific trading plan for the stock is as follows:

Technical pattern: 52-week high

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >480 460 495 517

(3) Bata India:  After a period of retracement, the stock is again geared up to resume its underlying uptrend. The specific trading plan for the stock is as follows:

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >775 760 790 815

 


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Author: Traders' Chowk

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