Trading Strategies for 28th September No ratings yet.

(1) Aurobindo Pharma:  A bearish Candlestick pattern on chart suggests that lower levels may be witnessed in the counter if 687/- level is taken out. The specific trading plan for the stock s as follows:

Technical pattern: Bearish Engulfing

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <687 701 676 665

(2) HDIL: The stock is already in a downtrend and trading near the support level 53-54. Break of this support level may drag the counter to lower levels. The specific trading plan for the stock s as follows:

Technical pattern: Support break

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <53.40 55.5 51 48

 (3) Sun TV: Below the levels of  737/738 the stock may see further supply.The specific trading plan for the stock s as follows:

Technical pattern: Bearish Pattern

Action

Trigger Price

Stop Loss

Target 1

Target 2

Sell <737 751 729 719

 


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Author: Traders' Chowk

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