TCS
Current price: Rs 869,
Target price: Rs 885
The stock has made an upside breakout on the basis of strong volumes. It has a potential target of Rs 885. Keep a stop at Rs 855 and go long. Increase the position between Rs 872 and Rs 875. Beyond Rs 880, start booking profits and reset the stop-loss to Rs 875, if you wish to hold an overnight position.
BHEL
Current price: Rs 2,519,
Target price: Rs 2,555
The stock has jumped past resistance on strong volumes. It has a chart pattern that could mean a target projection of Rs 2,600. On Thursday, it’s more likely to test resistance in the Rs 2,550-2,560 zone. Keep a stop at Rs 2,505 and go long. Increase the position between Rs 2,530 and Rs 2,535 and reset the stop-loss to Rs 2,525. Start booking profits above Rs 2,555.
The target price and projected movements given above are in terms of the next one trading session unless otherwise stated
