JP Associates
Current Price: Rs 126
Target Price: Rs 130
The stock has a nice pattern of correction to Rs 107-108, followed by a rebound on high volumes. By crossing resistance at Rs 125, it set up a target of about Rs 130, and it could go till Rs 135 in the next three-five sessions. Keep a stop at Rs 124 and go long. Either book profits above Rs 129 or alternatively, book partial profits and hold the residual position for a target of Rs 135.
Bharti Airtel
Current Price: Rs 356
Target Price: Rs 364
The stock's recovering momentum after a three day correction that ended on Monday. It could move to around Rs 365 if the trend stays up. Keep a stop at Rs 352 and go long. Add to the position between Rs 359 and Rs 361. Above Rs 363, start booking profits.
Tata Motors
Current Price: Rs 1,055
Target Price: Rs 1,085
The stock seems to have made a breakout on volume expansion. It has a target of somewhere between Rs 1,085 and Rs 1,100. Keep a stop at Rs 1,045 and go long. Increase the position between Rs 1,069 and Rs 1,073. Above Rs 1,085, start booking profits. If the Rs 1,045 stop loss is broken, the scrip could slide till around Rs 1,025 before it finds support.
