Trading Calls:Sun Pharma, PNB & Reliance No ratings yet.

Trade Date- 15/02/2018

(1) Sun Pharma: The stock has been trading in a range and has failed to gather any momentum above 600/- odd levels time and again. The stock may be sell short for targets mentioned below.

Technical pattern: Bearish Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <567 575 557 547

(2) PNB: The stock has formed a bearish candlestick pattern on charts and has already taken a harsh beating in last session. Another leg of selling may be witnessed below 144/- which is the immediate support level.

Technical pattern:  Open Interest build up

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <144 148 140 135

(3) Reliance: The stock is in a pull-back mode and looks good in short term. The specific levels for buying the stock is mentioned below.

Technical pattern: Gap-up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >938 930 946 952

 


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Author: Traders' Chowk

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