Stock View: Hind Motors
Hind Motors stock has been consolidating between 18-28 levels since slighlty more than 12 months. The stock gave a closing at the upper end of channel and that too with huge vols which is a very good sign. The stock will gain momentum once it sustains above 29. Buy HindMotors part qty at current levels of 27.5-28 and add on dips to 25.5-26 with stoploss of 24 on closing basis and look for targets of 33/35 in near term..
Stock View: Larsen & Toubro
The stock is looking weak below 1775-1770 as you can see the neckline of Head and Shoulder Pattern is placed at 1775. Sell Larsen and Toubro below 1775-1770 with stoploss of 1800 on closing basis and look for targets 1710/1680 in short term.. Momentum only below 1750.
Have a nice trading day
Regards
Ankit
No comments:
Post a Comment