Description
⋅ BSE:TATAELXSI
Recommendation--> Buy: 1490 - Sell: 1535, 1560, 1600 - StopLoss: 1470
- RSI is near 50 which will cross the 60,70 and 80 levels in 3,7 and 10 trading days
- Trading sideways in the range of 4.25% (1411 - 1470 - 1530) for 3 months.
- On Balance Volume constantly increasing which means accumulation is happening before next breakout.
- Currently at the price levels of 'GoldenCross' which was formed on Jan 27, 2017 (2 months back)
- Boolinger Bands squeezing with a very high possibility of a breakout above upper band.
. Trade active
⋅ First 2 targets achieved with-in 3 trading days. Returns of 5% in 3trading days.
Hold for target of 1700 in a month !
Trade closed: target reached
⋅ Stock was recommended at the price of 745 (Split-adjusted)
- touched 795 on 25-April (Split adjusted) Return - 6.5%
- touched 850 on 10-July (Split adjusted) Return - 14%
- touched 911 on 14-Sept (Split adjusted) Return - 22%
This share is good for both long and short term.