Hdfc Life - Cmp 685.20
The stock is looking good for long at cmp with 670 sl on closing basis. Targets are marked on the chart.
1. Re testing and taking support at the falling trend line.
2. Favorable risk reward ratio.
3. Bullish divergence.
Affle - Cmp 4418
The stock is trading near an important support area and showing signs of reversal. Long time gap has been filled as well. RSI is also in oversold zone.
Looks good for long at cmp with strict stop loss of 4070 for targets marked on the chart.
*Warning - The stock is currently in T2T, so intraday or BTST is not possible and have to wait for T+2...
AB Capital - Cmp 117.50
The stock is trading near an important support area and has formed a bullish candle. Looks good for long for initial targets 0f 125/130/140 with stop loss of 110 on closing basis.
Aurobindo Pharma - Cmp 986
The stock is moving after consolidation. Looks good for long with 950 sl on closing basis.
1. Trading near support area, so risk reward is favorable.
2. Rsi shows hidden bullish divergence.
Deepak Nitrite - Cmp 1825.60
Looks good for long if continues to sustain above 1825 for initial target of 1960.
Reason: The stock is coming out of it's consolidation zone and breaking out with good volumes.
Strides Pharma - Cmp 787.70
The stock looks good on weekly chart to go long. Keep it on radar for any reversal confirmation. 755-740 is a good support area. Possible targets 820/895/950.
1. Hammer candlestick formation at the bottom of a downtrend.
2. Hidden bullish divergence wrt RSI.
3. Favorable risk reward as near support area.