SELL
TCS
Sell Near: Rs 3,300
Target: Rs 3,160
Stop Loss: Rs 3,370
Previously the stock TCS found resistance near Rs 3,370 level and took a dip towards Rs 2,900-mark. Currently, the stock is again trading near Rs 3,300 mark and there is reversal candlestick pattern. There is a possibility of double top formation and the stock is finding supply at the placement of 200-day moving average.
Thus, we advise traders to SELL the stock near Rs 3,300 with a strict stop of Rs 3,370.
BUY
Page Industries
Buy Near: Rs 46,500
Target: Rs 48,500
Stop Loss: Rs 45,500
The stock has been in a corrective mode from the peak of Rs 54,000. At this point in time, it seems that the stock has found support at its 200-day moving average. Further, we are witnessing reversal candlestick pattern on the daily scale. The price action indicates a trend reversal or a sharp bounce from current levels.
Thus, we advise traders to buy the stock near Rs 46,500 mark with a strict stop of Rs 45,500.
(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
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