Short Term Trading Ideas:Talwakar,Tata Steel and Jubilant

By | November 2, 2010 3:10 pm

Talwakar Fitness

Talwakar’s has been locked in a trading zone of 224-258 from past 3 months.Stock look like it will breakout of the range looking out of market sentiments and volumes which were see today.

MACD is giving a buy signal and Stock while stoc is showing overbought region.Best strategy to buy on a pullback near 250 range or to wait for stock to break range above 260

Buy above 260 tgt 267 and 277

Tata Steel

Tata Steel has been in downtrend from high of 675 to a low of 580 in matter of few trading sessions.Stock is showing signs of reversal on daily charts once it start closing above its 5 EMA which is at 601 levels.Another resistance will come at 50 SMA @605 if both these are croseed stock can shown quick 2-3% move in short term

Buy above 605 Tgt 609 and 618

Jubilant Food

Jubilant Food has been on a bullish wicket from the day of listing and a  move above 50 SMA has fulled the rally,Now Stock is having support at  50 SMA @511.

Currently Stock is facing resistance @540 levels as shown in Daily chart

Buy above 540 Tgt 551 and 562

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