One stock which rallied post the Budget was Tata Motors. It seems to have run up its distance and is slowing down. Short covering seems to be over for the time being (which will be confirmed in a couple of days).
The Intraday charts of the scrip (not shown here) suggest that Rs 788 is crucial support for intraday. A break below this may lead to profit booking.
Consider Rs 818 as major resistance for the scrip.
Happy 'intraday' trading in this stock !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
www.investogyan.com
1 comment:
Dear sir
It is a great insight for intraday trading. It is quite easy for me to understand with example.
Regards,
Vishal Mehta
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