Buy VRL Logistics, Tata Motors, PTC India: Anand Rathi
Here are a few trading ideas from Chandan Taparia of Anand Rathi:
 "Buy VRL Logistics, Tata Motors, PTC India: Anand Rathi")
VRL LOGISTICS : BUY
TARGET: Rs 457
STOP LOSS: Rs 417
It has been making higher highs - higher lows from last five trading sessions and showing strength to head towards its life time high territory. It has crossed its hurdle of Rs 427 zones and holding the same from last two trading sessions. It has made a strong price pattern and trading above all the moving average with positive bias.
TARGET: Rs 457
STOP LOSS: Rs 417
It has been making higher highs - higher lows from last five trading sessions and showing strength to head towards its life time high territory. It has crossed its hurdle of Rs 427 zones and holding the same from last two trading sessions. It has made a strong price pattern and trading above all the moving average with positive bias.
PTC INDIA : BUY
TARGET: Rs 70
STOP LOSS: Rs 63.50
The stock has taken support near to its 50 DMA and crossed immediate hurdle of Rs 65.50-66.50 zones. It has also surpassed its falling supply trend line and gave the highest daily close of last twenty two trading sessions. It has been making an attractive price pattern and looks attractive in terms of risk – reward ratio.
TARGET: Rs 70
STOP LOSS: Rs 63.50
The stock has taken support near to its 50 DMA and crossed immediate hurdle of Rs 65.50-66.50 zones. It has also surpassed its falling supply trend line and gave the highest daily close of last twenty two trading sessions. It has been making an attractive price pattern and looks attractive in terms of risk – reward ratio.
TATA MOTORS : BUY
TARGET: Rs 436
STOP LOSS: Rs 405
The stock has given a second consecutive positive closing in last two series and recovering strongly with sustained buying interest in entire Auto pack. Shorts are trapped in the counter and a smart short covering would continue to help the stock to head to higher levels.
TARGET: Rs 436
STOP LOSS: Rs 405
The stock has given a second consecutive positive closing in last two series and recovering strongly with sustained buying interest in entire Auto pack. Shorts are trapped in the counter and a smart short covering would continue to help the stock to head to higher levels.
SYNDICATE BANK: SELL
TARGET: Rs 86
STOP LOSS: 94
It failed to cross the hurdle of 92-93 zones and broke it support of 90.50 levels. It is continuously trading in weakness and has been making lower top - lower bottom formation. It has tendency of witnessing sustain pressure after an every bounce back move and we are expecting this behavior to continue as per its price structure.
TARGET: Rs 86
STOP LOSS: 94
It failed to cross the hurdle of 92-93 zones and broke it support of 90.50 levels. It is continuously trading in weakness and has been making lower top - lower bottom formation. It has tendency of witnessing sustain pressure after an every bounce back move and we are expecting this behavior to continue as per its price structure.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings.
Chandan Taparia is a technical analyst with Anand Rathi Retail Research
Chandan Taparia is a technical analyst with Anand Rathi Retail Research