The stock has shown upward movement during the trading hours and ended up with moderate gain. It tried to recover from lower levels in today’s trading session. It is now facing a resistance at 1500 and support has support at 1435. The stock is looking week on charts. Failing to sustain at this level will take stock further down.
Buy Bajaj Auto above 1470 to get the target of 1485-1498, Stoploss: 1452.
The stock trades in bullish trend in today’s trading hours also. It now has resistance level at 206 and support level at 200, the stock can exhibit bullish trend on chart above resistance level. If the stock sustains at current level before crossing the resistance level then one can go for buying in the stock, else correction can be expected in the stock.
Buy Tata Motors between 200-202, Target: 204-205.50, Stoploss: 196.40