Trading Calls- Vedanta, NMDC & CESC No ratings yet.

Nifty Trading tips

Trade Date- 20/06/2018

(1) Vedanta: The stock has formed a distribution pattern on daily charts and is  looking extremely weak in short term. Any break below  the latest support of 221 may again drag the stock to lower levels.

Technical pattern: Top Rounding Pattern
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <221.40 227 216 210

 

(2) NMDC: The stock is trading below the major support levels of 100-DMA, 50-DMA and bears already have an upper hand in the counter. Any further breakdown may be used as an opportunity to short this stock for specified targets.

Technical pattern: Bearish crossover
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <107 110 103 98

 

(3) CESC: The stock has repeatedly failed to sustain itself at higher levels and has been facing resistance at 1000/- odd levels. The momentum oscillator , MACD is also signalling a ‘sell’ at current levels, indicating weakness in the counter.

Technical pattern: MACD -Sell
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <935.70 946 925 907

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Author: Traders' Chowk

4 thoughts on “Trading Calls- Vedanta, NMDC & CESC

    1. The trades mentioned are short term trading calls, if the call hasn’t hit SL or target intraday , it is a hold for next trading day..

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