MTNL Chance Buy CMP: 100.00 Tgt: 108-112
The daily candlestick chart of MTNL shows that it is in the short term downtrend.After a gradual decline from Rs.128 to Rs.92, it is moving sideways in a narrowrange. The downside risk appears to be limited. One can gradually buy aroundRs.98-99 with a strict stop loss below Rs.95.25 in close for a pullback toRs.108-112 in the next 7-8 trading sessions which if sustained in close cantest Rs.115 in the short term.* Avoid gap openings and trade in cash in small quantities.
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Tata Comm Chance Buy CMP: 478.05 Tgt: 495-502
The daily candlestick chart of Tata Comm (VSNL) shows a vertical decline fromRs.585 to Rs.461. In this process it has hit the support line of the channel in blue .High risk traders can buy around Rs.470-474 with a strict stop loss belowRs.463 in close for a pullback up to Rs.498-502 in the next 7-8 tradingsessions which if sustained Rs.523 in the next 2-3 weeks.* Avoid gap openings and trade in cash in very small quantities.
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The daily candlestick chart of MTNL shows that it is in the short term downtrend.After a gradual decline from Rs.128 to Rs.92, it is moving sideways in a narrowrange. The downside risk appears to be limited. One can gradually buy aroundRs.98-99 with a strict stop loss below Rs.95.25 in close for a pullback toRs.108-112 in the next 7-8 trading sessions which if sustained in close cantest Rs.115 in the short term.* Avoid gap openings and trade in cash in small quantities.
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Tata Comm Chance Buy CMP: 478.05 Tgt: 495-502
The daily candlestick chart of Tata Comm (VSNL) shows a vertical decline fromRs.585 to Rs.461. In this process it has hit the support line of the channel in blue .High risk traders can buy around Rs.470-474 with a strict stop loss belowRs.463 in close for a pullback up to Rs.498-502 in the next 7-8 tradingsessions which if sustained Rs.523 in the next 2-3 weeks.* Avoid gap openings and trade in cash in very small quantities.
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1 comments:
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