Gail
Current price: Rs 483.5
Target price: Rs 510
The stock has resistance between Rs 488 and Rs 490, but if it crosses that, it could head for Rs 510. Keep a stop at Rs 475 and go long. Increase the position between Rs 490 and Rs 492. Above Rs 500, book a partial profit and reset the stop loss to Rs 493. Clear the position above Rs 510.
IDFC
Current price: Rs 200
Target price: Rs 205
Strong volume accompanied a breakout. A move till Rs 205 is likely and Rs 210 is not out of the question. Keep a stop at Rs 197 and go long. Increase the position between Rs 201 and Rs 202. Above Rs 205, book partial profits, and reset the stop to Rs 203 if you can hold overnight.
BHEL
Current price: Rs 2,474
Target price: Rs 2,450
The stock is interestingly poised. If support at Rs 2,471 is broken, it will drop to Rs 2,450. If Rs 2,471 holds, it could jump till Rs 2,520. Short, with an initial stop loss at Rs 2,485. Add to the position between Rs 2,468 and Rs 2,470 and reset the stop to Rs 2,474. Clear the position at Rs 2,450. If the Rs 2,485 stop is broken, go long with a target of Rs 2,520. (The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated)