2 ‘Auto’ Picks that are good ‘Intraday’ Bets. Trade Date- 25th January No ratings yet.

Intraday Tips

(1) Tata Motors:

Intraday Charts of the stock shows a strong selling pressure and a respective down move in the last session. The stock is also trading below 9 and 15 EMA in the said time frame which shows strength of the bears. The immediate support for stock stands at 173.60/- below which intraday supply may be accelerated.

Trade Date- 25/01/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <173.60 175.40 171.60 170

(2) Ashok Leyland:

I have been maintaining a bearish stance on this stock since it broke the crucial support zone of 102-105. Still dominated by bears, the counter is looking very weak in Intraday as well as in short term. The immediate support for the stock stands at 84.50, below fresh shorts may be initiated for the next session.

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
Sell <84.45 85.50 83.45 82.50

*All levels mentioned are of cash segment.

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Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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