abhilashp296

abhilashp296

IOCL is in an uptrending channel and the price is near channel bottom. If feel it can be bought at 397 with stop loss of 367 and target of 450 and above.

abhilashp296

Exide industries is following the trendline since 26-12-2016. In previous instances it has rebounded after touching except on 3-5-2017. However, the next day it was back above trendline accompanied with huge volume. Today it has touched the trendline again. I feel this is a buying opportunity with a stop loss of 223.

abhilashp296 Updated 

Ascending triangle pattern observed in sintex. If it breaks the triangle upwards it may move towards 118 in short term. In the long term the fundamentals look good and demerger of the business will have positive impact.

abhilashp296

The daily chart for PC Jeweller shows cup and handle formation. This pattern when formed in a upward trend is a bullish signal. If it shows uptrend in coming days, it may move towards it all time high.

abhilashp296

Heidelberg cement entered upward channel in early March and is respecting it since then. Today it bounced back from the channel bottom. I feel the short term target can be 133 on the safer side which is a small resistance. A close below 125 can be exit criteria.