Stocks on Economics Times for 2nd December 1.BHEL FUT Recommendation- Buy Buy Price- 276 TARGET-280 & 284, SL-272 Overall trend of stock is bullish, it is consolidating below the resistance level of 276. It is sustaining above 200 DMA with RSI of 54. If it manages to break resistance level of 276, upside movement can be seen in the stock. One can expect targets of 280 and 284. Traders should keep stop loss of 272. 2.CROMPTON GREAVES FUT Recommendation- Buy Buy Price- 190 TARGET- 193 & 196, SL- 187 Stock is forming reversal pattern on short term charts. It is consolidating below the resistance level of 190 with the RSI of 48. Recovery can be seen if it breaks the level of 190. One can initiate long position above the level of 190 and can get targets of 193 and 196 in near term. One should keep 187 as stop loss for the stock. 3.APOLLO HOSPITALS FUT Recommendation- Buy Buy Price- 1220 TARGET-1235 & 1245, SL- 1205 Major trend of stock is bullish, Stock is trading side ways from past few trading sessions. It is consolidating below the resistance level of 1220. It is sustaining above 50 & 200 DMA with the RSI of 67. Upward movement can be expected if it breaks its resistance level of 1220, where traders can expect targets of 1235 and 1245. One should keep 1205 as stop loss for long positions. 4. IRB FUT Recommendation- Buy Buy Price-277.50 TARGET- 281 & 284, SL-274.50 Stock is trading side ways from past few trading sessions. It is trading above 50 and 200 DMA with RSI of 57. In near term stock is likely to show upside movement with the breaking of the level of 277.50, where longs can get accumulated for the targets of 281 & 284. 274.50 should be kept as stop loss for the short positions. #CapitalViaStockTips
Posted on: Tue, 02 Dec 2014 07:05:26 +0000
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