One positive thing close above 50 SMA @972 is positive for the stock in medium term
Buy above 1010 Tgt 1020,1036 and 1049
Hindalco after long time has closed above its 100 DMA.Support becoming resistance for Hindalco Rs 130 as shown in above chart.
Close above 100 DMA is positive for Hindalco but RSI is overbought and will be turning down. So cautious approach should be the view on long trades.
Sell below 132.1 Tgt 130.4,129 and 127.7
Keep Sl of 130 on all positional longs in Hindalco
TCS limited will be annoucing its results today. Stock is trading at its gap area and near 200 DMA.
Trend line resistance is shown in above chart.
Gap exits at 1115-1133.
Above 1115 Gap Filling start.
Buy above 1115 Tgt 1133,1157
Sell below 1100 Tgt 1087,1065 and 1052