Monday 14 January 2013

Technical view by Nooresh

Technical view by Nooresh

Tata Motors – Time for a pause or a further move can be an interesting short for pullback trade.

Posted: 14 Jan 2013 09:46 AM PST

tatamotors thumb Tata Motors – Time for a pause or a further move can be an interesting short for pullback trade.

 

The stock is still away from the upper end of the channel. If it does move to 340-350 can be an interesting short trade for a pullback to 310 levels.

 

Happy Investing,

 

Nooresh Merani

 

www.analyseindia.com

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  2. Titan and Tata Global Beverages – Short Term Trade Ideas.
  3. Tata Motors, SBI

Larsen & Toubro – Retesting previous breakout levels.

Posted: 14 Jan 2013 09:39 AM PST

larsen thumb Larsen & Toubro – Retesting previous breakout levels.

 

1480-1530 has been a band of resistance and support for the stock for last couple of years now. This time the stock seems to re-testing a similar zone and one can expect a bounce back to 1650-1700.

Stoploss for the trade would be 1450.

 

Happy Investing,

 

Nooresh Merani

 

www.analyseindia.com

Related posts:

  1. Larsen & Toubro — Nearing 2008 Oversold Levels. Watch for sharp panics only to buy very very staggered.
  2. Larsen and Toubro bounce back candidate. Sensex 18800-19000 resistance. Future Ventures 10% lower then issue price.
  3. Few Technical Charts – Union Bank of India, Yes Bank and Larsen & Toubro. Some more updates on Nesco, Jayant Agro, IFGL Refractories, Bombay Burmah.

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