Trading Calls: TCS, Hindustan Petroleum & Reliance No ratings yet.

Trade Date- 12/04/2018

(1) TCS: After a brief period of retracement, the stock has again gained bullish momentum and is looking strong in short term. Fresh longs may be initiated above the latest resistance of 3025/- for targets mentioned below.

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >3030 2965 3070 3125

(2) Hindustan Petroleum: The stock has already taken a harsh beating in the last session and downside momentum still overweighs the counter. The stock may again take a beating below 334/- odd levels and fresh positions may be initiated in the counter for targets mentioned below.

Technical pattern: Gap-down opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <334 344 327 318

(3) Reliance: The stock is trading above a major support zone placed at 900/- odd levels and looks good for short term. The counter may be bought above the latest resistance placed at 933/- for targets mentioned below

Technical pattern: Above Support zone

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >933 921 943 958

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Author: Traders' Chowk

3 thoughts on “Trading Calls: TCS, Hindustan Petroleum & Reliance

  1. I have taken Global infra stock and now it is going down everyday please confirm what will be the flow

  2. The stock is looking very weak. The momentum is totally on the downside in short term. No wonder if the stock loses in double digits (percentage wise) in coming sessions!

  3. We want investment in some AAA rated share so please guide me which stock is good for 6 month to 12 months Return

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