 "Trading ideas from Chandan Taparia of Anand Rathi")
BUY HINDUSTAN UNILEVER
STOP LOSS: Rs 800
TARGET: Rs 860
The stock has taken multiple support near its lower band of the trading range and made a reversal on its immediate weak structure in the last week. It has managed to cross above its immediate hurdle of 820 zones and holding above its 50 DMA. It is also making an attractive price pattern and may continue its positive price behavior because of its defensive nature. Thus recommending buying the stock with the stop loss of 800 for the upside target of 860 levels.
STOP LOSS: Rs 1219
SELL CEAT
STOP LOSS: Rs 928
TARGET: Rs 874
The stock has been continuously trading in bears grip and witnessing selling pressure from last four trading sessions. It has been making lower top – lower bottom formation from last five series and witnessing built up of short position. We are suggesting selling to stock to get the benefit of short term profit booking decline however, our long term view in the counter continues to remain positive. One can sell the stock with stop loss of 928 for the downside target of 874 levels.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings
Chandan Taparia is a technical analyst with Anand Rathi
STOP LOSS: Rs 800
TARGET: Rs 860
The stock has taken multiple support near its lower band of the trading range and made a reversal on its immediate weak structure in the last week. It has managed to cross above its immediate hurdle of 820 zones and holding above its 50 DMA. It is also making an attractive price pattern and may continue its positive price behavior because of its defensive nature. Thus recommending buying the stock with the stop loss of 800 for the upside target of 860 levels.
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BUY ACC
STOP LOSS: Rs 1219
TARGET: Rs 1310
The stock has made double bottom near to 1205-1208 zones and holding the gains from last four trading sessions even after volatile swing in the broader market. It has immediate hurdle near to 1280 and above that an upswing cannot ruled out. Thus recommending buying the stock with the stop loss of 1219 for the upside target of 1310 levels.
BUY SIEMENS
STOP LOSS: Rs 1010
TARGET: Rs 1085
The stock crossed the hurdle of 1050 levels after the consolidation of last three weeks. It was holding the support base even after the volatile swing in the broader market. It is turning from the lower levels and is showing the potential to move higher with built up of long position thus looks attractive in terms of risk reward ratio. Thus recommending buying the stock on decline with the stop loss of 1010 for the upside target of 1085 levels.
The stock has made double bottom near to 1205-1208 zones and holding the gains from last four trading sessions even after volatile swing in the broader market. It has immediate hurdle near to 1280 and above that an upswing cannot ruled out. Thus recommending buying the stock with the stop loss of 1219 for the upside target of 1310 levels.
BUY SIEMENS
STOP LOSS: Rs 1010
TARGET: Rs 1085
The stock crossed the hurdle of 1050 levels after the consolidation of last three weeks. It was holding the support base even after the volatile swing in the broader market. It is turning from the lower levels and is showing the potential to move higher with built up of long position thus looks attractive in terms of risk reward ratio. Thus recommending buying the stock on decline with the stop loss of 1010 for the upside target of 1085 levels.
SELL CEAT
STOP LOSS: Rs 928
TARGET: Rs 874
The stock has been continuously trading in bears grip and witnessing selling pressure from last four trading sessions. It has been making lower top – lower bottom formation from last five series and witnessing built up of short position. We are suggesting selling to stock to get the benefit of short term profit booking decline however, our long term view in the counter continues to remain positive. One can sell the stock with stop loss of 928 for the downside target of 874 levels.
Disclaimer : We are suggesting all these stocks to our clients but no personal holdings
Chandan Taparia is a technical analyst with Anand Rathi
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