Technical Pick: HDFC, Siemens and Tata Motors

By | March 27, 2013

Tata Motors

tata motors

Tata Motors after making the swing high of 311 has been falling like 9 pins with rest of the market. Stock broke it all important support of 280 and is now near its important support of 200 DMA, which stock has been defending from past 3 trading sessions.Holding the same pullback can be seen till 284-86 levels.

Buy above 278 Tgt 280,284 and 286 SL 276

Sell below 273 Tgt 270,269 and 266 SL 275

 

Siemens

Siemens

Siemens has broken symmetrical triangle on daily charts,target of which comes to 460 in around 3 months of time frame. Intraday traders and swing traders can use the levels mentioned below to take trades

Buy above 535 Tgt 538,542 and 546 SL 533

Sell below 523 Tgt 520,516 and 512 SL 527

 

HDFC

HDFCHDFC is near its downward falling trendline resistance,which it was not able to break in past 3 attempts.

Buy above 828 Tgt 833,838 and 842 SL 824

Sell below 822 Tgt 818.5,815 and 812 SL 824

  • All prices relate to the NSE Spot
  • Calls are based on the previous trading day’s price activity.
  • The call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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