TATASTEEL has given a good fall in prices after the breakout. The fall in price is currently halted & is seen consolidating. It has potential of a pullback towards the cradle as its in oversold zone. A throwback upto 410-430 range cannot be ruled out. Thus, traders can buy in the range of 335-347 for short term trading with a protective stop loss below 275....
Have given a high risk buy call in EICHER MOTORS on my Twitter Handle (@TradeTechnicals). The view was;
HIGH RISK TRADERS CAN BUY EICHER MOTORS BETWEEN CMP 15720 - 15550 FOR TARGETS 16700, 17000 & 17250 WITH PROTECTIVE SL BELOW 15000 ON CLOSING BASIS.
Have given a buy call yesterday on my Twitter ID (@TradeTechnicals). The view was;
BAJAJ FINANCE is expected to trade with positive bias. A dip towards 3250 (Can buy partial at CMP (3275) too) can be bought for trading for targets of 3450 & 3520 with a protective SL of 3120 on closing basis.
UPL is expected to trade with a positive bias in coming sessions. Though a good buying range will be 540 - 550. Expected targets are 600, 630, 655. A closing below 490 will negate our view.
High risk traders can buy partial around 565-570.
Maruti is resisting trendline. Some more downside cannot be ruled out. Thus, high risk traders can sell on rise upto 6200-6250 for short term targets of 5900, 5600 & 5450. A daily closing above 6470 will negate our view.
HCLTECH can be bought for trading. Had given a Buy call yesterday on Twitter (@SureShotWinner) but could not update here due to some issue. It seems to be working well. The call was BUY HCLTECH AT 1093-95 TARGET 1190 SL BELOW 1040. Can again be bought on dips. Good for short term trading.
Britannia Industries is seen resisting 2730 & thus demands a cautious approach for those who are long on the counter. Though a close above 2730 will open way for targets of 2860, 3000 & 3100. But a failure to do so will result in downside targets of 2500, 2300 & 2200 in short term. Thus, high risk traders can even sell with a strict stop loss above 2775 on closing basis.
Silver is giving a good run up after breakout in July 2019 & is expected to continue this bullish trend in long term but a throwback cannot be ruled out in short term as both RSI & Stochastic are in overbought zone & can turn bearish soon as can be seen in the chart. On the upside $18.21 can act as an immediate resistance followed by $18.64 & $18.99. Thus, for...