Intraday Trading Strategy – 1
Tata Motors Limited
Buy Tata Motors Limited at / above 405.01 Target 409.85 – 414.93 – 420.03 – 425.17
Stop loss — 400
Sell Tata Motors Limited at / below 400 Target 395.21 – 390.25 – 385.33 – 380.44
Stop loss — 405.01
Intraday Trading Strategy – 2
Biocon Ltd
Buy Biocon Ltd at / above 361 Target 365.58 – 370.37 – 375.2 – 380.05
Stop loss — 356.26
Sell Biocon Ltd at / below 356.26 Target 351.73 – 347.06 – 342.42 – 337.8
Stop loss — 361
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Tata Motors Limited,Biocon Ltd based on the previous trading day’s price activity.
Intraday call is valid for the next trading session only unless otherwise mentioned.
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.