In CNBC-TV18's popular show Bull's Eye, Rakesh Gandhi, Independent Technical Analyst shares his trading strategies for the day.
Aban Offshore has breached a falling trendline on a weekly chart together with a crossover of important moving average, hence a short-term buy call for a target of Rs 403 and a stop loss of Rs 381.
Just Dial has closed at a lifetime high and closing at lifetime high on technically means strength and hence a short-term buy call for a target of Rs 1,459 with a stop loss of Rs 1,390.
Ashok Leyland has managed to close above its 100 days exponential moving average and has also crossed above its resistance level of Rs 17. It could attempt and touch the next important resistance of 200 days moving average around Rs 18 and hence a short-term buy call for a target of Rs 17.85 with a stop loss of Rs 16.90.
Tata Elxsi is in a very strong uptrend and has managed to close at its lifetime high indicating that upward momentum can continue and hence a short-term buy call for a target of Rs 432 with a stop loss of Rs 404.
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