Daily charts of Glenmark suggest some profit booking. Cmp 402 Stop loss 413 Target 390 and 375
Classic case of previous resistance turning into support CMP 2360 Buy with a stop at 2255 for a target of Rs. 2650
Weekly Chart of Hind Petro is interesting. The stock has a strong support around 162 to 167 zones. Current price is 182. Has the potential to reach 220. Keep under radar for longs !!
The daily chart of Shoppers Stop looking interesting. After a break down below Rs 350, the stock has been on a continuous downfall. The daily chart is exhibiting positive divergence in RSI which suggests some rally is on card. Buy for a target of Rs 165 to 170 in three months. The stock belongs to small-cap and suitable for high-risk takers.