Sharetipsinfo has recommended to sell the stock of Tata Motors to sell the stock below Rs 765. The target set is Rs 750-740. Stop loss of the stock is Rs 778.
The website, technicalanalysisofstocks, has recommended to sell the stock of DeltaCorp with a stop loss at Rs 112 and a target price at Rs 99. There stock price moment is representing gravestone formation, there is negative divergence in stochasitcs.
Shardul Kulkarni, Sr. Technical Analyst, Angel Broking has suggested the following stocks to trade on the bourse from a short-term perspective in Economic Times.
Tata Coffee: For this Tata group of companies the recommendation is buy with a target price of Rs 1,027 and a stop loss at Rs 790. The stock has given a downward sloping trend line breakout at Rs 830. The momentum oscillators on weekly chart indicate high probability of an up move.
Kotak Mahindra Bank: Here the recommendation is sell with a target price of Rs 437 and a stop loss set at Rs 465.10. Stock has faced a resistance near its prior top of Rs 478 and formed a "Bearish engulfing" Japanese candle stick pattern. The momentum oscillators on the daily chart are negatively poised.
Rural Electrification Corporation: Sell this stock for the target price of Rs 162.50 and a stop loss at Rs 177.05. The momentum oscillator on daily chart indicates a downward move is likely to continue
HCL Technologies: Sell this stock with a target price of Rs 389 and a stop loss at Rs 406.50. The stock has faced a resistance near its 38.2% retracement of the fall from 27/07/2011-26/08/2011 and formed a "Bearish Engulfing" Japanese candle stick pattern, which is a price reversal pattern.
Aptech: Kulkarni's recommendation for this stock is to buy with a target price of Rs 160 and a stop loss at Rs 127.80. On the weekly chart, the stock is facing a long term downward sloping trend line resistance at Rs 137. The momentum oscillators on the weekly chart suggest possibility of a breakout from this resistance.
Firstpost has recommended the following stocks for trading.
Tata Motors: The Tata Motors has a sell recommendation below the price of Rs 760.50, and the target is set at Rs 740. Tata Motors released late on Friday evening that its CEO of 18 months has resigned for personal reasons. The news is likely to be taken negatively by the market as the company desperately needed a strong leader to see it through these trouble times.
Areva T&D: For this stock, the recommendation is to buy when the stock price is above 231.30, and the target set for the stock is Rs 240. Power sector companies involved in the distribution segment are likely to benefit from increased a series of tariff hikes being announced by various state electricity boards. Areva T&D one of the leaders in this segment is witnessing increasing buying interest.
Delta Corp: For this stock the recommendation is to sell it below Rs 105.40, for the target price of Rs 100. Delta Corp moved up sharply on news of the company looking at selling a stake. The stock moved up sharply on opening but could not maintain the momentum and closed near the low of the day, in line with the market. Further weakness in the market can pull the stock down further.
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