IDFC,PFC and Tata Motors Technical Analysis

By | May 2, 2013

IDFC

IDFC

IDFC is having strong resistance at its 100DMA and strong support at its 200 DMA IDFC broke 200 DMA on closing basis on Tuesday follow up move should come today.

Buy above 154 Tgt 156,157.8 and 159 SL 153

Sell below  152.5 Tgt 150,148 and 145 SL 153

Tata Motors

tata motors

Tata Motors is approaching its falling trendline unable to cross 301 pullback till 284 is expected.

Buy above 301 Tgt 303,305 and 307 SL 300

Sell below 297 Tgt 294,291 and 288 SL 299

PFC

PFCPFC is forming small symmetrical triangle taking strong support at 20 DMA,

 

Buy above 195.5 Tgt 198.5,200.5 and 202.5 SL 194.5

Sell below 194 Tgt 192.5,191.2 and 189 SL 195

  • 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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