Stock Picks

Tata Motors and Tech Mahindra Positional Trades

Tata Motors
This stock has entered a bearish phase now with the Macd, Moving averages and Stochastic indicating weakness. The 14dma breaking the 50dma shows weakness for a few more sessions. The stock has support at 280 levels. For safe traders we advice to go short below 280, for others take the trade now. Stoploss will be at 294-295. As the risk size is big for futures below 280, we advice buying 280PE at 10, 270PE at 6-7 for July series. TGT will be double. SL 295 on closing basis.

Tata Motors

Tech Mahindra
Tech Mahindra

After consolidation, Tech Mahindra is seeing a good buying in a falling market. With the 14dma moving over the 50dma, we see bullishness in the stock till 1100 levels. But as it happens in many cases, stocks fall after merger news and buy backs. It will be safe to hedge longs with 960PE. Support for TechMah is seen at 960. We expect 1075-1100 by July end.

For detailed view see our analysis on youtube:

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