In the near term, India Cement stock can go to 180 levels and in the longer term can even test 220 levels. TVS Motor has had a huge run-up from the levels of 350, and now has paused near its previous top, forming a lower top. This can be utilized as a selling opportunity, and the stock can fall to 390 levels
Shrikant S. Chouhan, Senior Vice President - Technical Research at Kotak Securities recommends:
CMP: 157.40 | RECO: BUY | TARGET: 180 | STOP LOSS: 146
Stock has formed inverse Head and Shoulder pattern on monthly charts. It broke out of the neckline and then the demonetization effect hit the stock leading to correction. Since then, the stock has had a huge run-up outperforming all the stocks in the sector. In the near term, the stock can go to 180 levels and in the longer term can even test 220 levels. One can buy the stock in 2 tranches, at current levels and can add more if it falls to 152-153 levels with a longer term target of 220.
CMP: 410 | RECO: SELL | TARGET: 390 | STOP LOSS: 421
Stock has had a huge run-up from the levels of 350, and now has paused near its previous top, forming a lower top. This can be utilized as a selling opportunity, and the stock can fall to 390 levels. The Nifty Auto index has also formed a lower top and can see some more correction. Levels of 420 will act as a major resistance for the stock, which can be used as a stop loss.
CMP: 60.75 | RECO: BUY | TARGET: 68 | STOP LOSS: 56
Commodities as a sector as outperformed market handsomely and this stock has rallied substantially compare to its peers which makes it a preferable pick on decline. The current move is just a pullback and it should soon start to rally again. Currently stock has retraced around 32.80% of its entire rally and is a preferred contra bet. We should buy in two tranches 50% at current level and should add remaining 50% at 58 levels.