"TCS wasn’t a one day wonder; it didn’t go up one day and then started moving in a trading range and giving up its gains. After a day of rest it renewed its advance in a market that was listless. So the market is giving significant thumbs up to TCS that resistance levels have already been broken after the gap up and it seems that new targets are being set for the stock. So TCS is a buy today with a target at Rs 1,225 for the short-term but for the longer term it could be higher."
He further added, " Voltas is a slightly dicey stock to trade in because sometimes it also gives those mild upswings but the broad pressure on Voltas is on the downside. So Voltas is a short sell. I would expect it to move lower probably crack Rs 100 at some point, that could be a target for the day trader but expect Voltas to go below Rs 100 again."
No comments:
Post a Comment