HERO HONDA
Current price: Rs 1,847,
Target price: Rs 1,900
The stock may have found support at current levels, between Rs 1,805-1,840 after falling from Rs 1,925. It has the potential to bounce back till around the Rs 1,900-mark. Keep a stop at Rs 1,840 and go long. Increase the position between Rs 1,860-1,865 and reset the stop loss to Rs 1,859. Start booking profits above Rs 1,895.
RCOM
Current Price: Rs 160,
Target Price: Rs 150
The stock has broken below a key support on high volumes. The chart pattern projects to a potential slide till Rs 148-150. Keep a stop at Rs 163 and go short. Increase the position between Rs 156-157. Start booking profits at around the Rs 150 mark. If Rs 163 is broken, the scrip could bounce back to Rs 170.
NTPC
Current Price: Rs 198,
Target Price: Rs 208
The stock has jumped from Rs 193 on big volumes and a very high delivery ratio. This may just be a short-covering exercise but it looks to have the potential for a serious breakout. If the stock beats resistance at Rs 200, it has the potential to rise till Rs 208-210. Keep a stop at Rs 195 and go long. Increase the position between Rs 200-202. Book profits above Rs 208.
