MAHINDRA & MAHINDRA
Current Price: Rs 806,
Target Price: Rs 820
The stock has made an upside breakout on high volumes. The target projection would be Rs 820-825 in the short run. Keep a stop loss at Rs 795 and go long. Increase the position between Rs 809 and Rs 812. Start booking profits beyond the Rs 820 mark.
DLF
Current Price: Rs 362,
Target Price: Rs 372
Despite a small decline today, the stock seems to have consolidated after a correction from Rs 397 to a recent low of Rs 345. It has a potential target of Rs 372 in the next two sessions. Keep a stop loss at Rs 359 and go long. Increase the position between Rs 365 and Rs 366 and book profits above Rs 372.
INDIAN HOTELS COMPANY LTD
Current Price: Rs 106,
Target Price: Rs 112
The stock faces resistance at Rs 109-110, but it is moving up with huge volumes. If it breaks that barrier, it could run till Rs 112 within three sessions. Keep a stop at Rs 104 and go long,. Between Rs 109 and Rs 110, increase the position and reset the stop to Rs 107. Start booking profits at Rs 112.
(The target price and projected movements given above are in terms of the next one trading session, unless and otherwise stated)