In CNBC-TV18's popular show Bull's Eye, Rakesh Gandhi, independent technical analyst shares his trading strategies for the day.
Ceat has been in a consolidation for a very sharp run up. Recently the volumes have picked up together with the momentum and hence a short-term buy call for a target of Rs 336 and a stoploss of Rs 314.
TRF has seen a higher high, higher low pattern together with rising volumes and it has also closed above 200 days exponential moving average hence a short-term buy call for a target of Rs 146.90 with a stoploss of Rs 139.90.
One may buy Arvind. After a few days of consolidation, the stock has restarted the upward trend and the momentum is likely to increase in coming days and hence a short-term buy call for a day target of Rs 141.75 and a stoploss of Rs 134.50.
One may buy Dishman Pharmaceuticals & Chemicals. The stock has seen a breakout from a small trading range with a very heavy volumes indicating the stock could see higher levels and hence a buy call for a target of Rs 104.50 with a stoploss of Rs 97.90.
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