Trading Calls: Tata Steel, Hindalco & ICICI Bank No ratings yet.

Trade Date- 19/04/2018

(1) Tata Steel: The stock has formed a bullish candlestick pattern on weekly charts and looks good above the latest resistance of 605/-. Fresh longs may be initiated above the said level for targets mentioned below.

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >605 597 612 620

(2) Hindalco: The stock is already trading with bullish momentum which is expected to continue in short term. Fresh positions may be initiated in the counter for targets mentioned below.

Technical pattern: Volume breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >245 240 249 253

(3) ICICI Bank: The stock is in a downtrend and looks weak below the immediate support level of 288/-.

Technical pattern: Downtrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <288 295.5 284 280

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Author: Traders' Chowk

4 thoughts on “Trading Calls: Tata Steel, Hindalco & ICICI Bank

  1. Good evening Priyanka Mam.

    Can you please suggest me about Tata Motors? Today I baught 1 lot of future May at 337. What should be my strategy? And any hope of it going up in this or nest series?

    1. Hello Mitul,

      Tata Motors is looking weak in short term. Any close below 330 odd levels would further accentuate the downfall. So, you may put a stop loss@330/- and hold your position.

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