Reliance Industries
Current price: Rs 971
Target : Rs 985
The stock has rebounded several times from support at current levels. Another rebound could be on the cards and it may push the stock back till around the Rs 985 mark. However, there is also some resistance at Rs 979-980. Keep a stop at Rs 965 and go long. Increase the position between Rs 974 and Rs 976. At Rs 979-980, book a partial profit and reset the stop to Rs 977.
IB Real Estate
Current price: Rs 198
Target : Rs 207
The stock has climbed from Rs 187 on decent volumes. It is likely to rise till Rs 207, if the chart pattern holds. Keep a stop at Rs 194 and go long. Between Rs 202 and Rs 203, increase the position and reset the stop to Rs 200. Above Rs 207, start booking profits. If the Rs 194 stop is broken, it could drop till Rs 187.
Hindalco
Current price: Rs 169
Target : Rs 162
The stock has hit a zone of strong resistance. It could go into a reaction that pushes it back till support at around Rs 162. Keep a stop at Rs 170 and go short. Start booking profits below Rs 163. If you can hold a five-session position, it may be worth resetting the stop loss to Rs 164, and holding the shirt with a target of Rs 155.
The target price and projected movements given above are in terms of the next one trading session unless otherwise stated