Trading Calls: Tech Mahindra, Tata Motors & Lupin No ratings yet.

Trade Date- 23/02/2018

(1) Tech Mahindra: After a short period of retracement, the stock has resumed its underlying trend and looks good above 607/-. Long positions may be initiated above the said level for targets mentioned below:

Technical pattern: SMA Crossover

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >607 595 612 617

(2) Tata Motors: The stock has formed a bearish chart pattern and has already taken a harsh beating in the last session. Another leg of selling may be witnessed below 357/- which is the immediate support level.

Technical pattern:  Bearish Chart Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <357 364 350 343

(3) Lupin: The stock has broken down below its major support level and the momentum in short term, looks weighing towards short side. The counter may be shorted below 795/- odd levels for targets mentioned below:

Technical pattern: Support break

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <795 817 785 778

 


Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

Please rate this

Author: Traders' Chowk

2 thoughts on “Trading Calls: Tech Mahindra, Tata Motors & Lupin

  1. first of all thanks for the calls. I am wondering whether these calls are for only futures or for intraday, equity cash too.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.