Tata Steel (SELL - CMP: 292.05 SL: 309 TGT1: 278 TGT2: 262)
Tata SteelBSE -1.10 % has been under tremendous selling pressure since many months and
appears set for breaching the recent low of Rs 290. The stock is likely to test much lower levels in the short to medium term and is likely to come lower up to Rs 278 followed by Rs 262.
TCS (BUY - CMP: 1518.95 SL: 1478 TGT1: 1568 TGT2: 1595)
TCS gave a breakout with good volumes on Friday and momentum indicators suggest further upside from current levels. The depreciating rupee is also likely to have a positive impact on the stock price.
BHEL (BUY - CMP: 189.40 SL: 186 TGT1: 197 TGT2: 205)
BHEL has corrected sharply in the last week and is now trading near the support level of Rs 186-187. The stock could give a bullish reversal in the short term and is likely to test levels of Rs 197 followed by Rs 205 in the next couple of weeks. However, a strict stop loss of Rs 186 should be maintained.
Sun Pharma (BUY - CMP: 1007.05 SL: 959 TGT1: 1064 TGT2: 1099)
Sun pharma is in a secular bull run and is likely to continue its out-performance in the near term. A small consolidation is likely to be followed by another up move which could take the stock to life time highs yet again.
CIPLA (BUY - CMP: 373.30 SL: 364 TGT1: 384 TGT2: 392)
Cipla has corrected sharply in the last couple of weeks and is currently trading near the trend line support of Rs 364. An up move from here is likely to take the stock higher up to Rs 384 followed by Rs 392 in the short term.
Brokerage Firm: SMC
Amtek Auto Ltd: (BUY-CMP: 88 SL:79 Target: 95 Target 2: 100)
The stock closed at Rs 86.55 on 06th June 2013. It made a 52-week low at 59.85 on 05th April 2013 and a 52-week high at 116.10 on 05th July 2012. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at 127.20.
Last week, it has completed its Inverted head and shoulder formation and is on the verge of breakout with the confirmation of volumes in it. One can 'Buy' in the range of Rs 85-87 levels with closing below stop loss of Rs 79 levels for the target of Rs 95-100 levels.
Jagran Prakashan Ltd: (BUY-CMP: 91.50 SL: 80 Target: 98 Target 2: 103)
The stock closed at Rs 91.50 on 07th June 2013. It made a 52-week low at 81.45 on 03rd June 2013 and a 52-week high of 116.90 on 07th January 2013. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 99.84.
After rising up to Rs 115 levels, it fell sharply and again rebounded from Rs 85 levels ultimately forming a double bottom, which is a bearish reversal. One can 'Buy' in the range of Rs 86-88 levels with closing below stop loss of Rs 80 levels for the target of Rs 98-103 levels.
Petronet LNG Ltd: (BUY-CMP: 142.35 SL: 136 Target: 155 Target 2: 158)
The stock closed at 142.35 on 07th June 2013. It made a 52-week low at Rs 126.75 on 28th March 2013 and a 52-week high at Rs 180 on 08th October 2012. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 128.88.
The stock is trading above its 200-EMA, which acts as a major support in technical terms. It has also negated the weakness in all the other major counters last week, which also confirms its strength. One can 'Buy' at Rs 140-142 levels with closing below stop loss of Rs 136 levels for the target of Rs 155-158 levels
(The views and recommendations expressed in this section are the analysts' own )
Tata SteelBSE -1.10 % has been under tremendous selling pressure since many months and
appears set for breaching the recent low of Rs 290. The stock is likely to test much lower levels in the short to medium term and is likely to come lower up to Rs 278 followed by Rs 262.
TCS (BUY - CMP: 1518.95 SL: 1478 TGT1: 1568 TGT2: 1595)
TCS gave a breakout with good volumes on Friday and momentum indicators suggest further upside from current levels. The depreciating rupee is also likely to have a positive impact on the stock price.
BHEL (BUY - CMP: 189.40 SL: 186 TGT1: 197 TGT2: 205)
BHEL has corrected sharply in the last week and is now trading near the support level of Rs 186-187. The stock could give a bullish reversal in the short term and is likely to test levels of Rs 197 followed by Rs 205 in the next couple of weeks. However, a strict stop loss of Rs 186 should be maintained.
Sun Pharma (BUY - CMP: 1007.05 SL: 959 TGT1: 1064 TGT2: 1099)
Sun pharma is in a secular bull run and is likely to continue its out-performance in the near term. A small consolidation is likely to be followed by another up move which could take the stock to life time highs yet again.
CIPLA (BUY - CMP: 373.30 SL: 364 TGT1: 384 TGT2: 392)
Cipla has corrected sharply in the last couple of weeks and is currently trading near the trend line support of Rs 364. An up move from here is likely to take the stock higher up to Rs 384 followed by Rs 392 in the short term.
Brokerage Firm: SMC
Amtek Auto Ltd: (BUY-CMP: 88 SL:79 Target: 95 Target 2: 100)
The stock closed at Rs 86.55 on 06th June 2013. It made a 52-week low at 59.85 on 05th April 2013 and a 52-week high at 116.10 on 05th July 2012. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at 127.20.
Last week, it has completed its Inverted head and shoulder formation and is on the verge of breakout with the confirmation of volumes in it. One can 'Buy' in the range of Rs 85-87 levels with closing below stop loss of Rs 79 levels for the target of Rs 95-100 levels.
Jagran Prakashan Ltd: (BUY-CMP: 91.50 SL: 80 Target: 98 Target 2: 103)
The stock closed at Rs 91.50 on 07th June 2013. It made a 52-week low at 81.45 on 03rd June 2013 and a 52-week high of 116.90 on 07th January 2013. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 99.84.
After rising up to Rs 115 levels, it fell sharply and again rebounded from Rs 85 levels ultimately forming a double bottom, which is a bearish reversal. One can 'Buy' in the range of Rs 86-88 levels with closing below stop loss of Rs 80 levels for the target of Rs 98-103 levels.
Petronet LNG Ltd: (BUY-CMP: 142.35 SL: 136 Target: 155 Target 2: 158)
The stock closed at 142.35 on 07th June 2013. It made a 52-week low at Rs 126.75 on 28th March 2013 and a 52-week high at Rs 180 on 08th October 2012. The 200-days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 128.88.
The stock is trading above its 200-EMA, which acts as a major support in technical terms. It has also negated the weakness in all the other major counters last week, which also confirms its strength. One can 'Buy' at Rs 140-142 levels with closing below stop loss of Rs 136 levels for the target of Rs 155-158 levels
(The views and recommendations expressed in this section are the analysts' own )
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