Short Term analysis of 4 stocks No ratings yet.

1. Tata Steel: The stock has come around a full circle. A spectacular rally which started around a year back has lost its total gathered momentum, and the stock which had seen its uptrend resuming seems to be total control of bears now. Here is we would like to trade this counter for short term.

tata steel

The trade plan for the stock:

Trigger Price 1: <370
Trigger Price 2: < 367
Target 1: 360
Target 2: 355
Target 3: 345

2. Infosys: Despite of all the low sung stocks, Infosys continues its uptrend in full swing. The stock can be bought above 2248.

infy

The trade plan for the stock is as follows:

Trigger price: > 2248
Target 1: 2265
Target 2: 2274
Target 3: 2289

3.Reliance Infra: The stock looks weak in short term and any break below 454 may be taken as an opportunity to go short in the stock.

relinfra

The trade plan for the stock is as follows:

Trigger Price: < 453.50
Target 1: 446
Target 2: 441
Target 3:435

4. Aurobindo Pharma: In spite of being in an intact uptrend, the stock has just turned bearish. Whether or not this phase will continue will be governed by the levels it breaks/supports.1080 is crucial support for the stock. Any break below this level may initiate new sell off . The trade plan for the stock is as follows:

Trigger Price: < 1080
Target 1: 1073
Target 2: 1067

The terms used in the respective trade plans have been explained HERE.

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Author: Traders' Chowk

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