HINDUSTAN UNILEVER
Current Price: Rs 307,
Target Price: Rs 314
The stock could test resistance at Rs 314-315 in the next couple of sessions. Keep a stop at Rs 304 and go long. Add to the position between Rs 309 and Rs 311. If the stock closes above Rs 314, it could rise till around Rs 318. If you’re prepared to hold five sessions, set Rs 318 as the target and book partial profit at Rs 314. Otherwise, clear the position at Rs 314.
RPOWER
Current Price: Rs 172,
Target Price: Rs 178
There’s been a huge volume expansion backing a breakout on the news of the deal with GE. The chart pattern suggests a rise till Rs 178-180 is possible. Keep a stop at Rs 170 and go long. Increase the position between Rs 174 and Rs 175 and reset the stop loss to Rs 173. Start booking profits above Rs 178.
TATA MOTORS
Current Price: Rs 1,269,
Target Price: Rs 1,295
The stock has developed a continuous pattern of higher highs and higher lows. It's impossible to compute a long-term target but it should trade into the Rs 1,280-1,300 zone today and it may close towards the higher end of that zone. Keep a stop at Rs 1255 and go long. Increase the position between Rs 1,280 and Rs 1,285 and reset the stop to Rs 1,275. Clear the position at Rs 1,295.
(The target price and projected movements given above are in terms of the next one trading session, unless otherwise stated)