Trading Calls: Mahindra & Mahindra, Tata Motors & Tech Mahindra No ratings yet.

Trade Date- 04/04/2018

(1) Mahindra & Mahindra: The stock has broken out of a consolidation range after many weeks and is looking strong in short term. Fresh longs may be initiated above the latest resistance of 772/- for targets mentioned below.

Technical pattern: Price breakout

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >772.50 760 782 792

(2) Tata Motors: The stock is in a pull back mode and the resulting bounce back may take the stock to higher levels in coming sessions.

Action

Trigger Price

Stop Loss

Target 1

Target 2

BUY >345 338 352 360

(3) Tech Mahindra: After a steep price rise in the last series,the stock has finally taken a halt and further profit booking may take the stock to lower levels in coming sessions. The stock may be shorted below 611/- for targets mentioned below

Technical pattern: Overbought indicators

Action

Trigger Price

Stop Loss

Target 1

Target 2

SELL <611 620 602 590

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Author: Traders' Chowk

8 thoughts on “Trading Calls: Mahindra & Mahindra, Tata Motors & Tech Mahindra

  1. Respected mam..seeing tody’s trnd i want to make + position in jet airways and (-)position in dish tv..am I r8 in doing so?Plz advise.

    1. In my opinion, Jet Airways is not a suitable counter to go long, at this point of time. There are better counters, more appropriately positioned to go long.

      Also, Dish Tv could be shorted below 70/-. It is trading at around 72/- now.

  2. Mam,

    I have Lakshmi Villas Bank shares at an avg price of 122 and RBL at 510. I am long term player. Pls suggest looking at current cmp of 96.should i hold or avg it.

    Thanks mam for valuable guidance.

    1. Lakshmi Villas is a very weak counter and i don’t think it is the right time to average this counter. You should not be averaging a stock in which lower levels are anticipated in near future.

      RBL bank is better placed and looks good in short term. You may consider holding it for long term.

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