The stock is bouncing back from 38.2% retracement levels, taking support at long term support zone of 650-675. Below this stock will be weak and should take support around 550 levels. RSI 10 shows a positive divergence. A perfect position to buy the stock around 710-725. Potential upside 20%
Maruti has already retraced more than 38% from the top. Long term support zone at 6450-6400 which it held in two occasions in last few months. Short term support seen at 6250-6300 levels which can be treated as the stop-loss zone. RSI divergence is prominent in the stock.
Idea: Buy Maruti around 6400-6450 range with a a strict stop loss of 6250-6300 zone.
After multiple attempts, triangle break out in DRLALPATHLAB. Price consolidated since October in the highest range and finally breakout last trading session. Support zone 2380 - 2330 and SL 2270 on closing basis. Potential upside till 2800.
Short term triangle breakout in ATUL AUTO. Taken support in the previous resistance zone. Risk takers can initiate Long at CMP 6480 with SL 6310. Or You can initiate a long position when it cross previous high at 6700. Potential price movement till 7000.
Long term reverse H&S formation completed in ERIS LIFE SCIENCE. Breakout of neckline is confirmed with increased volume. Potential 200 points upside. CMP 576.10. Support zone 570-550. SL 520. Long term investment.