Trading Calls- TCS, Tata Motors & ABB No ratings yet.

Nifty Trading tips

Trade Date- 25/05/2018

(1) TCS:  After a small period of consolidation and inactivity, the stock is again geared up to continue its underlying trend. Fresh longs may be initiated above 3615 for targets mentioned below

Technical pattern: Pennat pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY
>3615
3560
3660
3718

 

(2) Tata Motors: After a gap down opening and a weak follow through session, the stock ended with strong rollovers which suggest further weakness in the counter.

Technical pattern: OI increase+ Decrease in price
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<283.90
294
274
264

 

(3) ABB: The stock has been trending down and bears seem to have an upper hand over bulls. The next leg of selling may trigger below 1155 , which is the latest support for the stock.

Technical pattern: Downtrend
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<1155
1168
1136
1116

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Author: Traders' Chowk

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