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.
Aurobindo Pharma - Cmp 986 The stock is moving after consolidation. Looks good for long with 950 sl on closing basis. Reason: 1. Trading near support area, so risk reward is favorable. 2. Rsi shows hidden bullish divergence.
Bajaj Electricals - Cmp 984 Looks good for long with sl 912 on closing basis. Reason: 1. Favorable risk reward as near to major support area. 2. Hidden bullish divergence
Cummins India - Cmp 862 Breakout candidate. Looks good for long if sustains above 858 with 810 sl on clbs for targets of 904/934.
Abbot India - Cmp 15850 Breakout from downward trendline on Daily and Weekly time frame. Good support at 14800. Possible targets 0f 16250/17400/18500 are marked on the chart.
Hindustan Copper - Cmp 173.15 Looks good for long for initial targets of 189/200/212 as long as sustains above 165. Reason: 1. Breakout retest candidate. 2. Hidden bullish divergence.
Jindal Stainless - Cmp 99.30 The stock is giving breakout after consolidation. Looks good for long if sustains above 99.50 for targets of 110/120.
Dhanuka Agritech - Cmp 942 The stock is giving multi year breakout. Looks good for long if it sustains above 930. Imp support/resistance levels are marked on the chart.
Balaji Amines - Cmp 2711 Looks good to go long at cmp for initial target of 2900 Reason : 1. Trading near support area of 2600-2630 2. Favorable risk reward ratio 3. Hidden bullish divergence
Britannia - Cmp 3439.50 Looks good for long at cmp with sl 3360 on closing basis for initial targets of 3510/3580/3685. Reason: 1. Bullish divergence 2. Favorable risk reward 3. Good volume
Kotak Bank - Cmp 1821 The stock seems to be breaking out from it's resistance area. Looks good for long if sustains 1813-1823 levels for initial targets of 1900/1980.
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. Reason: 1. Hammer candlestick formation at the bottom of a downtrend. 2. Hidden bullish divergence wrt RSI. 3. Favorable risk reward as near support area.
Hero Motor - Cmp 3015 The stock is breaking out from it's resistance area of 2983. Looks good for long as long as sustains above 2983. Safe traders can initiate long once sustain above 3037 for targets 3155/3214.
Gujarat Gas - Cmp 536.30 Breaking out from triangular pattern with good volume. Looks for initial targets 567-580. 507-497 looks like a good support area on closing basis.