How the 9 stocks performed on Tuesday

Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.

[caption id=“attachment_18180” align=“alignleft” width=“380” caption=“Here is our in-depth analysis on the list of 9 stocks we had put out this morning. Punit Paranjpe/Reuters”]  [/caption]

Reliance Power was our sell call; momentum was slowing down as the stock rose. However, we were not triggered in on the sell side as the low of Monday was not breached.

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We were triggered in on the long side in Petronet above Rs 134.50. The stock touched a high of Rs 138.50 and closed the day at Rs 136.20. Our target for Petronet was Rs 140.

Educomp was a sell below Rs 470, the stock broke this level and closed the day at Rs 461.50 after touching a low of Rs 458.70. We have a target of Rs 440 for the stock.

Yes Bank has also been triggered in below Rs 297. The stock touched a low of Rs 295.85 and closed the day at Rs 301. We maintain our target of Rs 280, with a stop loss of Rs 302.50.

Our sell call onAllahabad Bank below Rs 194 was not triggered in as the low of Tuesday was Rs 195.15. Looking at the intra-day movement and lack in buying interest, we maintain our negative view on the stock.

Our sell call onBharat Forge which we have been following for the last two days has not been triggered. We withdraw our call.

JP Power was a sell call below Rs 48.50, which we have been following but have not been triggered in yet.

We have been bullish onPFC for the last three days and finally have been triggered in the stock on Tuesday above Rs 201. The stock touched a high of Rs 202.85 and closed the day at Rs 201.65. We maintain our target of Rs 220 on the stock.

We had a sell onCanara Bank below Rs 533, which was triggered in on Monday. We maintain our target of Rs 510 with a stop loss of Rs 549. The stock closed the day at Rs 546.70.

Charts: moneycontrol.com

“Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds.”

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