Technical Analysis of VIP Industries,Tata Motors and M&M

By | December 13, 2011

We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems.

Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.

Every time we begin our trading sessions, we need to communicate to ourselves that we will be confident, prepared and most importantly… committed to executing trades when our analysis shows that a good trade is in front of us.

Never allow the market, the news, your friends, your past trading session or anything else send you a false signal that causes you to sit back and do nothing when you can easily see from your training that you should execute a trade right now.

 

VIP Industries

VIP Industries has been on a waterfall decline from the high of rs 203 to a low of 97 in matter of 2 months. Stock was punter favorite and in bear market this stock saw a beating the pace it went up its falling from the same pace.

91 is the short term bottom for the stock and if held we can see a recovery but till than do not try to catch a falling knife. INR going strong is hurting the company.

Sell below 97.1 Tgt 95.6,94.5 and 91

Buy above 100.2 Tgt 102.9,104.8 and 107

 

Tata Motors

Tata motrs is forming a pattern similar to bearish flag,I am not a big fan of patterns but a big believer in levels as they can only give you correct entry and exit point with proper stoplosses.

Tata motors has been forming higher low formation from 13,142,145 and 160 which shows stock is seeing buying at lower level.Today is real test of the formation whether it would be able to hold the trendline support of 170 or break below it.

Sell below 175.7 Tgt 173,170 and 168

Buy above 180 Tgt 184,187.8 and 192

 

 

Mahindra&Mahindra

M&M is approaching a crucial support zone of 679-670. the current uptrend will get cover with a closing below 670 as it will invalidate with the formation of lower lows.

Sell below 672 Tgt 661,641 and 632

Buy above 692 Tgt 702,712 and 722

 

 

 

9 thoughts on “Technical Analysis of VIP Industries,Tata Motors and M&M

  1. Bramesh Post author

    Thanks Nikhil..

    TITAN is one of the most expensive stock in term of valuation and it was bound to correct, If you buy stock for investment prepective always buy near long term buy levels not on such high valuation which TITAN have.

    Stocks like Larsen,Coal india are a buy now..

    TITAN unable to cross 177 will lead a corrective decline back to 145 odd levels

  2. Nikhil

    Hey Bramesh,

    Fantastic stuff!! Really need guys like you as a booster in this depressing market. My portfolio has been battered black n blue recently. I hold 700 TITAN @ 200 cum split/bonus. My idea was to build a strong portfolio for the long term. After the recent battering, is 155 the final bottom or still another crash till 125, as repeatedly trumpeted by so called experts.
    Wht disappoints the most is that, this had to happen with TITAN, which makes me wonder, what is the difference bet such blue chips & operator driven stocks.

    Also, whats up with CRISIL, any chancesfor 960 due to buyback news. Also, is HUL a good intra day for tomorrow?

    Regards

    Nikhil

  3. damodhar

    THANKS A LOT PLEASE WILL YOU SUGGEST ME IF I AM HOLDING 1000 SHARES ACTUALY THEY WHERE 200 BEFORE STOCK SPILT IN WHICH STYLE I SHOULD BUY I BUY 1000 AT ONCE OR IN STEPS IN GIVEN RANGE STEP BY STEP. THANKS

  4. Bramesh Post author

    Dear Sir,

    Please wait for 70-80 levels to do averaging.

    Rgds,
    Bramesh

  5. damodhar

    res sir will you please help me ,i am holding 1000 shares of vip at 190 because of some nigliegence from my side will you please suggest me at which level should i awerage or your view how should i reduce my losses, ican hold for long. thanks.

  6. Bramesh Post author

    Thanks a lot Anil Sir,

    An analyst can track n number of stocks but a trader should track only 1-2 stocks and trade in them only.

    I trade in Nifty only but as per user request keep honing my skills by doing analysis on stocks also but i avoid trading in stocks.

    Rgds,
    Bramesh

  7. Anil

    Hi
    Brahmesh I am big fan of your analysis
    Just want ask some question
    How many stock do you personally track and how many stock should a technical analyst must track.

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