LIC Housing Finance
Stock has moved out of its down ward slopping channel as shown in the Chart, which means LIC Housing is up for a good amount of upside. Stocks are moving and broke the slopping channel with a good amount of volumes.
RSI and MACD are showing good amount of strength, As the Stock was up from past 2 trading session we can see a pull back to 933 levels.
Buy on Pullback for a Target of 971 987 and 1009 SL 911 for all Longs
Jindal Saw:
Jindal saw has made a short term bottom at Rs 175 levels and now facing resistance at Rs 188 levels where 14 EMA lies.
Following 4,14 ,34 EMA trading Model we find that we are in range bound between 4 and 14 EMA’s,RSI and MACD are showing some strength and which give me conviction that range will be broken.
If we take the Fibo retracement from 228 highs to 175 low 38.2 % 50% and 61.8% retracement lies around 188 195 and 207 levels.
Long should be initiated around 185 Tgt 188 190 195 and 207 SL 175 on closing basis.
TATA Steel
Tata Steel took support at 4 EMA and and looks ripe for a decent bounce till 14 and 34 EMA looking at the volumes and Indicators are pointing to a higher targets for the Stock
Buy around 490 Tgt 506 513 and 527
Jindal Saw did 195 today
Tata did 506
after that corrected and came near SL if market pull back buy them again