Sesa Goa
Current Price: Rs363,
Target Price: Rs375
The stock has started an uptrend on good volume action. It has a potential target today in the range of Rs373-375 and it could move higher. Keep a stop at Rs350 and go long. Increase the position between Rs366 and Rs368. Either book profits beyond Rs374 or else, book partial profits and reset the stop loss to Rs370 with a three-session target of Rs380.
RCom
Current Price: Rs173,
Target Price: Rs178
The stock jumped on strong volumes. It has resistance at Rs175, but if that is surpassed it could jump till around the Rs178-179 mark. Keep a stop at Rs170.5 and go long. Increase the position between Rs175 and Rs176. Above Rs178, start booking profits.
Tata Motors
Current Price: Rs1,139,
Target Price: Rs1,100
Although the stock closed higher, it has seen a drop in trading volumes in the past session, combined to a lower high. While the upside could be till around Rs1,150-1,155, there's a potential downside till Rs1,100. Keep a stop at 1,150 and go short. Increase the position between Rs1,133 and Rs1,135 and start booking profits below Rs1,105.
(The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated)