Trading Calls: ICICI Bank, KPIT Technologies & Idea Cellular No ratings yet.

Nifty Trading tips

Trade Date- 09/05/2018

(1) ICICI BankThe stock has finally broken out of its bear grip and after 2-3 series, bulls seems to be in charge of the counter. Next leg of buying may continue above 311 odd levels and stock may be bought for targets mentioned below

Technical pattern: Bullish Divergence RSI
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY
>311
302
316
323

 

(2) KPIT Technologies: The stock is in an uptrend and short term momentum is clearly on bullish side. The stock may be bought above the latest resistance of 264/- for targets mentioned below.

Technical pattern: Positive CMF
Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY
>264
260
269
276

 

(3) Idea: The stock has been in an intact downtrend and is trading below major support levels. Next leg of selling may continue below 60 odd levels, which is the latest support for the counter.

Technical pattern: Below 200 Day SMA
Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL
<60
61
58
56

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Author: Traders' Chowk

20 thoughts on “Trading Calls: ICICI Bank, KPIT Technologies & Idea Cellular

    1. Hello Mitul,
      Titan has a resistance at around 979-982, above which the stock may gain upside momentum. You may place stop loss at 950 odd levels and hold your position.

  1. am holding maruti @ 9050 can u suggest me what do i do. Sell or hold. I can hold for 30 days.

  2. Hello Priyanka mam,

    Just wantd yo know when we can buy idea future. Currently it is in down trend. But when can we expect reversal?

    1. Hello,
      Stocks in downtrend do get reversed but as of now, in Idea, there are so signs of bullish reversal.

    1. Suzlon looks weak in short term. Not advisable to build fresh position in this stock. The stock may witness lower levels in short-medium term.

  3. Mam. I entered in star yesterday as btst @577 and today It dropped 8 percent. Wat was the reason for the fall?also should I average now? Or Wat Sl should I maintain? Or should I book loss tmrw morning? Plz advise mam. Im stuck

    1. Hello Khyati,
      This stock is looking weak and the short term momentum is clearly on sell side. Place a stop loss @515 and you may exit your position below this level.

    1. Hello,
      Idea Call has already been closed@56. Any fresh call in the counter will be shared in the blog.

  4. Mam
    I have buy union bank option PE 80 @ 2.4 now it is 1.7
    What is your view on this
    Can I hold this for 2-3 days or exit

    1. Union Bank is looking weak, so, in a way buying a PE looks logical, however, the movement of put option is determined by not only price, but also by time, volatility etc.

      You may hold your position placing a stop loss@93 in cash and may consider exiting at this price.

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