Stock Picks

December 16, 2014 and ahead: Stocks Near Support Zones

BHEL

BHEL has fallen to it's support zone of 236-242. As long as the stock closes above 236, it could head higher towards 260-270+ levels.

Crompton Greaves

Crompton Greaves is trading near 170 levels. The stock has strong support between 160-167. As long as the stock closes above 160, it could bounce to 190 levels in the coming days.

Federal Bank

Federal Bank is trading near 140 levels. One can add near 133-135 levels for higher targets of 143/150+ levels as long as the stock closes above 130.

IOC

IOC is trading near 330 levels after a rapid fall from 375 levels. The stock is near it's support zone of 317-328. As long as the stock closes above 317, we could see it bounce higher to 355/365+ levels.


OBC

OBC is a good stock to accumulate in the 296-302 zone with SL at 290 on closing basis for higher targets of 320/325+

Tata Global Beverages

TGB is a very range bound stock, so this will not be a very long trade. The stock is trading near 151 levels and has a strong support zone at 149-151. Accumulate in this zone for higher targets of 160/165 with SL at 145 on closing basis.

TITAN

Titan is trading at 365 levels. The stock has a strong support zone at 360-365 levels. One can accumulate at these levels and hold for higher targets of 380/400+ with a closing base SL at 357.

UPL

UPL has fallen sharply from 370 levels to 307 levels. The stock has strong support near 295 levels. Accumulate near 295-300 with SL at 290 on closing basis and hold for higher targets of 325/340+ levels,


Disclaimer: This is not a recommendation to BUY/SELL any security. This blog is for educational purposes only. Please trade/invest at your own risk.
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