Trading Strategies for 27th September No ratings yet.

(1) ONGC: In the last session, the stock witnessed a Gap up opening followed by a good volume buying. The momentum is expected to continue in near term and above 172 the stock may be bought. The specific trading plan for the stock s as follows:

Technical pattern: Gap up opening

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >173  166 179 185

(2) REC Ltd: With a bearish candlestick pattern on charts, the stock is looking weak in short term. The specific trading plan for the stock s as follows:

Technical pattern: Bearish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <160  168 152 145

(3) DHFL: After a few sessions of profit booking, the stock is again geared for its uptrend progression and can be bought above 560.5. 

Technical pattern: Bullish Candlestick

Action

Trigger Price

Stop Loss

Target 1

Target 2

Buy >561 538 573 589

 


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Author: Traders' Chowk

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