Tata Motors, Tata Steel and Biocon stock analysis

By | January 1, 2014

Tata Motors

tata motors

Positional trades should look for close above 377, Closing above it gives short term target of 385,390. Unable to do the same stock is heading towards 364 and 356.

Intraday traders can trade using below mentioned levels

Buy above 377 Tgt 378.3,380.2 and 382 SL 376

Sell below 374 Tgt 372.2,370.3 and 368 SL 376

 

Tata Steel

Tata Steel

Intraday traders can trade using below mentioned levels

Buy above 426 Tgt 428,430 and 433 SL 424

Sell below 422 Tgt 420,417 and 415 SL 424

 

Biocon

BioconBiocon is near an important gann number of 466, Any close above it stock can head for 486 and 500 in short term.

Intraday traders can trade using below mentioned levels

Buy above 464 Tgt 467,471 and 474 SL 462.5

Sell below 462 Tgt 459,455 and 451 SL 463

Stock Performance Sheet for the Month of  December is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Dec is 1.51Lakh 

  • 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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