MOMENTUM/SWING TRADE IN TATA MOTORS
STOCK CONSTANTLY TAKING SUPPORT ON 20-DMA
CROSSING 50-DMA TODAY(WAIT AND WATCH)
RISING 20-DMA+RISING 50-DMA WITH AN OPEN INTEREST BUILT-UP
BUY@178.5 (IF CLOSING ABOVE)
SWING TRADE IN YESBANK
A BREAK OF DOWNWARD TRENDLINE WILL ALLOW
YESBANK TO ACHIEVE HIGHER LEVELS
WE CAN USE THE RISING TRENDLINE AS SUPPORT OR EXIT
Pull back on TVS Srichakra on EOD and entry 2520 and exit zone 2600 to 2640. Average points to gain 100 and which is 4% of stock value. Duration of holding probably 3 to 5 days.
Note: Suitable for swing traders only.
Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait)
1. Bollinger bands bullish expansion with OBV confirmation
2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184
3. Currently in new highs territory