In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares trading strategy of the day.
Hindustan Petroleum Corporation (HPCL) is continuously making higher tops and higher bottoms on daily chart. It is breaking into new territories every day. Hence I recommend a buy with stop loss of Rs 790 for target of Rs 835.
Jubilant Foodworks is sustaining above the important resistance of Rs 1,900 in last couple of trading sessions. Intraday momentum is into bullish zone and hence I recommend a buy with a stop loss of Rs 1,910 for targets of Rs 1,985.
Dish TV has formed a bullish divergence on daily charts and intraday momentum is into bullish zone. Hence I recommend a buy with a stop loss of Rs 104 for target of Rs 114.
Voltas formed a bullish candlestick pattern on daily chart at an important support of Rs 310 which was the previous resistance. Hence I recommend a buy with a stop loss of Rs 312 for targets of Rs 335.
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