Trading Calls: TCS, Ashok Leyland & RCOM 1/5 (1)

Trade Date- 24/04/2018

(1) TCS: The stock has a strong bullish bias which is expected to continue in near term. Fresh longs may be initiated above 3435/- for targets mentioned below.

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >3435 3375 3495 3600

(2) Ashok Leyland: The stock has given a good volume breakout in today’s session and looks good in medium term.

Technical pattern: Volume breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >160.20 157 165 168

(3) RCOM: The stock has broken down the major support levels and is looking very weak. Another leg of selling, may be initiated below the levels of 19.90/-.  The specific trading plan for the stock is as follows:

Technical pattern: 52-week low

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <19.70 23.50 17.00 13.5

 


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Author: Traders' Chowk

18 thoughts on “Trading Calls: TCS, Ashok Leyland & RCOM

      1. Mam, need your expert view on GMR Infra.. Any up move possible in 1 to 2 yrs ?
        I have 800 at 30. now it is 20.

    1. IDFC Bank looks good above 55/56 odd levels.

      Bank of India, PNB and Bhusan Steel looks very weak and lower levels may be witnessed in these counters in short/medium term

  1. Call for 25 Apr. Bharti Airtel is at 425. Your call sell at 399 not Understood. Will it fall to 399 today??

    1. PC Jewellers and Vakrangee are looking very weak and momentum in short term is on downside. Better suited for shorting.

      Also, in my opinion, there are better counters than Jindal worldwide for trading as well as for investment

  2. Hello,

    The stock is trading in a narrow range and the latest resistance stands at 108 on closing basis above which the stock might witness fresh buying momentum. On the downside, you may put a stop loss at 102/- odd levels for your position.

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