Trading Calls: Voltas, Just Dial & IDBI Bank No ratings yet.

Trade Date- 21/02/2018

(1) Voltas: The stock has formed a bearish chart pattern and is looking weak. Break of immediate support level of 555/- may further act as a fresh trigger to sell. The stock may be shorted below 555/- for levels mentioned below:

Technical pattern: Distribution pattern on charts

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <555 565 548 541

(2) Just Dial: After a series of falling sessions, the stock has entered in an oversold zone from where a bounce back is possible. The stock may be bought above 441/-  for targets mentioned below:

Technical pattern:  Oversold indicators

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >441 436 446 450

(3) IDBI Bank: The stock has recently given a breakout and has come out of a resistance zone placed at 64-65. The stock may be bought above 67.35/- for upside targets mentioned below.

Technical pattern: Resistance Break

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >67.35 66 68.10 69.00

 


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

Leave a Reply

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