Top Five Technical Short-Term Bets

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 Top Five Technical Short-Term Bets In Stock Market

1-Buy Tata Consultancy Services at Rs 2,130-2,110 | CMP: Rs 2,134 | Stop loss: Rs 2,085 | Target: Rs 2,230-2,270 | Upside: 6 percent

On the daily chart stock price has decisively broken out its “Triangle” pattern at Rs 2098 levels on closing basis and sustaining above the same.

Stock price is trading above 20 and 50, 100 day SMAs which are important short term moving averages, indicating positive bias in the short to medium term.

2-Buy TVS Motor Company at Rs 519-513 | CMP: Rs 519 | Stoploss: Rs 506 | Target: Rs 540-550 | Upside: 6 percent

The daily strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue near term.


3-Buy Motilal Oswal Financial Services at Rs 740-730 | CMP: Rs 742 | Stoploss: Rs 710 | Target: Rs 770-780 | Upside: 5 percent

Stock price is sustaining well above its 20, 50 and 100day SMA which supports bullish sentiments ahead.

4-Buy Kotak Mahindra Bank at Rs 1,380-1,370 | CMP: Rs 1,383 | Stop loss: Rs 1,350 | Target: Rs 1,460-1,480 | Upside: 7 percent

The stock has decisively broken out its consolidation Rs 1,360-1,365 levels on closing basis and sustaining above the same.

5-Buy Reliance Industries at Rs 1,345-1,355 |  CMP: Rs 1,345 | Stop loss: Rs 1,310 | Target: Rs 1,410-1,430 | Upside: 6 percent 

Stock has been taking support of rising Trend line; Stock has seen a consolidation in the range of Rs 1,320-1,360 in last few sessions.

Though the volumes are less, price action suggest positive momentum in the stock going ahead once it sustain above consolidation zone of Rs 1,360.

For Stock Recommendation Contact Us-9109911538

Visit- Alliance Research

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