Bullish on Infosys, Chennai Petro, Bank of Baroda: Salil Sharma

Here are trading strategies for select large-and mid-cap stocks for today

Following are the technical strategies for the stocks for today's trade.

INFOSYS

View - Bullish 

Last Close (NSE) – Rs 1149.00

The stock is making new highs and has broken out of a flag formation on the daily charts with a target of 1240 in the coming 6-8 trading sessions. the traders can go long at the current levels with the stop loss of 1105 and target of 1240. 

JUBILANT FOOD

View - Bullish 

Last Close (NSE) – Rs 1820.00

The stock has made a reversal pattern on the daily charts initiating a short term up trend. traders can go long at the current levels with a stop loss of 1765 and a target of 1864 which can be achieved in the coming 2-4 sessions . 

CHENNAI PETRO 

View - Bullish 

Last Close (NSE) – Rs 239.00

The stock has given a strong break out from a long consolidation zone and after a sharp move up wards it is currently in a side ways mode. traders can go long with a stop loss of 228 and target of 260.

BANK OF BARODA 

View - Bullish

Last Close (NSE) - 184.40

The share, after consolidating, has given a breakout above its 200 DMA (181), traders can go long with a stop loss of 175 and target of 196 in 6 - 8 sessions.

VEDANTA LIMITED   

View - Bearish

Last Close (NSE) - 107.15

The share has given a mild recovery from highly oversold territory which might not sustain. Traders can go short at 109 with a stop loss of 116 and target of 98. 
 

Disclosure: We have exposure to and recommended the above mentioned shares to our clients also. Hence we have a vested interest in the same.

Salil Sharma is a Delhi-based technical analyst