Trading Calls: TVS Motors,TCS & Hexaware No ratings yet.

Trade Date-06-03-2018

(1) TVS Motors: The stock has formed a bearish candlestick pattern in daily charts which signals lower levels in the counter. Any break below the immediate support of 660/- may further initiate a fresh sell-off. The stock may be shorted below the said levels for targets mentioned below

Technical pattern: Bearish Candlestick pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <660 677 652 642

(2) TCS:  After a short period of retracement, the stock is ready to resume its underlying uptrend and may be bought above 3115/- for targets mentioned below

Technical pattern: Uptrend

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >3115 3060 3150 3180

(3) Hexaware: The stock gave a strong closing in the last session and closed just below the resistance level of 355/-. Any break above this resistance, may again witness fresh longs. The stock may be bought above 355/- for targets mentioned below

Technical pattern: Resistance break

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >355 343 362 372

 


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Author: Traders' Chowk

9 thoughts on “Trading Calls: TVS Motors,TCS & Hexaware

    1. ICICI Bank is looking weak in short term. However, levels are important. Any break below 298/- odd levels may drag the stock to levels of 291/288. If you want to go short, SELL the stock below 298/- for mentioned targets.

      Syndicate Bank is also looking weak and suitable for shorting. The stock may be shorted below 57.70 for targets 56.5/55.5.

      1. Many Thanks for your valuable feedback. I appreciate your way of working and guiding by genuine means .

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