CMP: 291.10
Tgt: 305-312 & 332
The daily candlestick chart of Mah. Seamless shows a gradual fall from Rs.329-277.50. Yesterday we are seeing a gravestone doji type formation. The downward riskappears to be limited. One can buy preferably in declines around Rs.283-285with a strict stop loss above Rs.274 (preferably in close) for a pullback toRs.305-312 which if sustained Rs.332 in the next 2-3 weeks.
* Avoid gap openings and trade in cash in small quantities.
=================================================
Mphasis Buy in dips
CMP: 220.00
Tgt: 235-242
The daily candlestick chart of Mphasis shows profit taking after a rally from Rs.174.As long as it holds above Rs.212 the bias is up; hence the downward risk is minimal.High risk traders can buy in declines around Rs.214-217 with a stricttrading stop loss below Rs.207 for a pullback to Rs.235-242 in the next 2-3weeks.* Avoid gap openings and trade in cash in small quantities.
==========================================
Patni Buy
Ltp : 250.05
Patni, after improving from a low of Rs. 190.50 to ahigh of Rs.286.95, has reacted moderately to a level atRs.250. At the current price of Rs.250.05, it is tradingin 5F ZONE i.e. short term average has moved abovethe medium term average which in turn remains belowthe long term average and the current price is placedbetween short term and medium term averages. Highrisk traders can buy in the range of Rs.242-247 with astop loss below Rs.237 in close for a conservativeupper target of Rs.268 and an optimistic uppertarget of Rs .280. Holding period can be 7-8 days.
=======================================
Tata Tea (275)
Ltp : - 856.75
Tata Tea, after improving from a low of Rs.747.25 toa high of Rs.924.65, has reacted moderately to a levelof Rs.856.50. At the current price of Rs.856.75 it istrading in 1BZONE i.e. all the averages are in BULLPHASE and the current price is between short termand medium term averages.High risk traders can buy in the range of Rs.840-850with a stop loss below Rs.830 in close for aconservative upper target of Rs .895 and anoptimistic upper target of Rs.910. Holding periodcan be 7-8 days.It is an out performer against the NIFTY.
=======================================
TCS(250) Buy
Ltp :896
TCS, after improving substantially from a low ofRs.740 to a high of Rs1035 has reacted to a level ofRs.871. At the current price of Rs.896, it is tradingin 5F ZONE i.e. short term average has movedabove the medium term average which in turnremains below the long term average and thecurrent price is placed between short term andmedium term averages. High risk traders can buyin the range of 882-892 with a stop loss belowRs.872 in close for a conservative upper target ofRs.935 and an optimistic upper target of Rs.950.Holding period can be 7-8 days.
========================================
0 comments:
Post a Comment