Gannangles
KENNAMETAL INDIA - 26% RETURNSBUY - KENNAMETAL INDIA LTD
CMP - Rs. 2126
Target - 1: Rs. 2431
Target - 2: Rs. 2676
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Technicals - 1) Harmonic Patterns
2) Targets set using Fibonacci Retracement and Gann Angles
3) EMA Convergence
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Comment: Estimated time for returns is 6-9 months.
BAJAJ FINANCE - 33% RETURNS!!!BUY - BAJAJ FINANCE LTD
CMP - Rs. 5649
Target - 1: Rs. 6880
Target - 2: Rs. 7689
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Technicals - 1) Bullish Harmonic Pattern - Anti-Crab.
2) Targets set using Fibonacci Retracements.
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Comment - The 2nd target will be achieved in the medium-term
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ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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LSIL - 85% RETURNS!!!BUY - LLOYDS STEEL INDUSTRIES LIMITED
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 24
Target - 3: Rs. 30
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Technicals - 1) Bullish Harmonic Pattern - Sea Horse.
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comment - Target - 3 will be achieved in the long term.
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SUZLON ENERGY - 65% RETURNS!!!BUY - SUZLON ENERGY LTD
CMP - Rs. 7
Target - 1: Rs. 9
Target - 2: Rs. 10.65
Target - 3: Rs. 11.65
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Technicals - 1) Bullish Bat Harmonic Pattern.
2) Targets set using Fibonacci Retracements.
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Comment: Target - 3 will be achieved in 4-8 months.
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