Daily Stock Analysis: Airtel,Tata Motors and Rcom

By | June 26, 2013

Bharti Airtel

Bharti Airtel

Bharti Airtel is trading in a downtrending channel and yesterday closed at higher end of channel,able to trade and close above 298 will open gates till 308.Unable to cross 298 stock can pullback to lower end of channel till 264 odd levels in medium term.

Buy above 298 Tgt 301,304 and 308 SL 295

Sell below 293 Tgt 290, 288 and 283 SL 295

 

Tata Motors

tata motorsTata Motors bounced exactly from its trendline support of 272 and bounced back.286-288 range needs to be watched closely as unable to close above it will put presuure on stock on downside.Any close above 288 stock will bounce back towards 308 odd levels in medium term.

Buy above 285 Tgt 287,290 and 292 SL 282

Sell below 279 Tgt 276,274 and 272 SL 282

Rcom

RCOM

Rcom is unable to close above the top fibo arcs suggesting sideways to consolidation moves till 131 is not crossed.

Buy above 121 Tgt 122.5,124 and 127 SL 119.7

Sell below 115 Tgt 112,110 and 108SL 117.3

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is 92525/-

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