Active Stock Trading:Ab Nuvo,Hero Honda and Tata Motors

By | January 10, 2013

Aditya Birla Nuvo

AbNuvo

AbNuvo stock had an spectacular rise from 885 to 1150. Stock has formed multiple DOJI candles and yesterday small move was backed by good volumes.

Buy above 1150 Tgt 1159,1170 and 1185

Sell below 1124 Tgt 1114,1102 and 1095

 

Hero Honda

Hero Honda

Hero Honda unable to cross 200 DMA started its downfall and now its at a crucial trendline support 1840. Breaking the same can see another 100 points downmove.

Sell below 1840 Tgt 1827,1807 and 1790

Buy above 1862 Tgt 1881,1895 and 1914

 

Tata Motors

Tata Motors

Tata Motors hit a new 52 week high yesterday at 330. We covered the stock when it made a breakout above 292. Stock is near its Fibo fan resistance of 333. Rallies can be used to book profit by investors and traders can use the rise to short stock in conservative manner.

 

Buy above 332.5 Tgt 336,340 and 344

Sell below 325 Tgt 322,319 and 314

 

 

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