CMP: 138.65
Tgt: 148-152
The daily candlestick chart of IDFC shows a vertical decline from Rs.182.55 toRs.133.20. It has revisited the support around Rs.134. It has made a Hammer andvolumes have picked up. High risk traders can buy in small quantitiespreferably in declines around Rs.135 with a strict stop loss below Rs.129.80in close for a pullback to Rs.148-152 in the next 7-8 trading sessions.
* It’s an anticipatory call Avoid gap openings and trade in cash.
==========================================================Tata Motors Buy for
CMP: 570.30
Tgt: 592-600
The daily candlestick chart of Tata Motors shows a decline from Rs.695 to Rs.556.The downward risk is limited for anticipatory pullback. High risk traders can buyin small quantities in declines around Rs.560-565 with a strict stop lossbelow Rs.552 (preferably in close) for a pullback to Rs.592-600 in the next 5-6trading sessions which if sustained on volumes can test Rs.614 in the next 2-3 weeks.
* It’s an anticipatory call Avoid gap openings and trade in cash.
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