BHEL,Tata Motors and United Spirits technical chart

By | December 17, 2013

BHEL

BHELBHEL is showing pullback back to its breakout zone of 152. Positional traders should look for close above 157 for short term target of 165.

Buy above 155 Tgt 157,158.5 and 161 SL 154

Sell below 152.5 Tgt 150.5,148.7 and 145 SL 154

 

Tata Motors

tata motorsPositional traders should look for close above 377 for short term target of 385 and 390

Buy above 369 Tgt 371,373.5 and 376 SL 368

Sell below 365 Tgt 363,360 and 358 SL 368

United Spirits

 

United SpiritsUnited Spirits is forming an contracting triangle signalling an explosive move round the corner.

Buy above 2520 Tgt 2534,2560 and 2576 SL 2508

Sell below 2503 Tgt 2492,2476 and 2450 SL 2518

 

  • 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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