TATA MOTORS,HUL technical view

By | November 9, 2010

TATA MOTORS

Tata Motors has been on dream bull run from low of rs 150 to high of 1294.TELCO results were phenomenol today can give booster to stock to scale towards new high.

Remember:Money always flow in hot stocks in bull market regardless of valuation comfort zone.

Channel support comes at 1256 should be sl for longs.

Buy above 1275 tgt 1288,1301 and 1322

In short term stock can scale to 1494 as shown in fibo levels marked.

Click on charts to maximise

Hindustan Unilever

HUL is having trading range from 288-320. HUL is forming double top on daily charts.Close above rs 320 can propel stock to new highs and will help nifty in achieving its life time high.

Buy above 321 tgt 324,329 and 337

Short@315 tgt 310,302 and 287

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