Ashwani Gujral Call Performance: BUY for IndusInd Bank, RBL Bank, Axis Bank, Pidilite and Piramal Enterprises
Market expert Ashwani Gujral gave five BUY Calls for today’s trading session and we will be checking the performance of those calls. Yesterday’s call success ratio was impressive with 4 calls out of 5 reaching their target while one for Sun Pharma failed. Ashwani Gujral had all the BUY calls for today’s session indicating the bullish sentiment. Indian markets traded positive for most part of the day.
Ashwani Gujral suggested Buy call for IndusInd Bank with a stop loss of Rs 400, target at Rs 425. IndusInd Bank opened at 445, touched a low of Rs 430 and high of Rs 484. The stock closed at Rs 477. As IndusInd Bank opened gap up, most of the traders wouldn’t have been able to buy the stock. The stock opened much higher than the target. While the call for bullish trend for IndusInd Bank has been correct, the trading call couldn’t be executed by traders.
Gujral suggested Buy for Axis Bank with a stop loss of Rs 420, target at Rs 445. Axis Bank opened at Rs 438, touched a low of Rs 435 and high of Rs 458. High risk traders had a chance to buy Axis Bank at 435 – 440 levels. This Call can be termed as moderately successful.
Gujral suggested BUY Call for RBL Bank with a stop loss of Rs 112, target at Rs 124. As other private banking stocks, RBL Bank also witnessed a gap-up opening. The stock opened at Rs 124 and touched intraday high of Rs 127.9. RBL Bank touched a low of Rs 121.2. This call was successful as well but very few traders would have managed to buy the stock as the opening was strong.
Gujral suggested Buy for Pidilite Industries with a stop loss of Rs 1,520, target at Rs 1,580. The stock opened at Rs 1567 and touched a high of Rs 1573. The stock also touched low of Rs 1525 at 10.30 am. This Call can be termed as moderately successful.
Gujral gave a Buy Call for Piramal Enterprises a stop loss of Rs 895, target at Rs 940. The stock opened at Rs 929 and touched an intraday high of Rs 939.50. However, after a strong opening, the stock declined to Rs 890 and STOP LOSS was hit. This call FAILED as the stop loss was hit before the target was achieved. After touching a low of Rs 890, the stock started moving higher and ended the day at Rs 934.
Overall, we witnessed one FAILED Call and four calls were successful but three of them, traders wouldn’t have been able to execute due to very strong opening for those stocks.