BPCL is back to retest it's trendline breakout levels. There is cloud support at 345Levels along with new bottom trendline support. Hence 345-355 looks like an excellent buying zone. One can go long in BPCL @ 345-355 levels with stop of 330 and target of 380-400++.
(Safe traders can keep a tight stop of 340 and can book partial profits @ 370 levels.)
Bhel is back to retest it's trendline BO levels. Supported by bullish signals on ichimoku cloud, the risk reward looks more favorable for going long in bhel.
One can buy BHEL @ 71-72.50 Levels with stop below 70 on daily closing basis and targets of 78-80-82.
Safe traders may look for 76 as partial or full profit booking zone.
Dabur is at flat bottom cloud support & trendline support on weekly charts. It is also at the rsi support/reversal levels in daily chart. Dabur can be a good risk reward tradea at current price levels.
Near - 400-404
Stop below 394 on daily closing basis or price stop of 390
Probable targets could be 425-35-55 levels in a 2-3 weeks time frame.
Tata chemical is above cloud on 125 min chart, the chakou is above the price as well as free to move up, along with a positive tenken-kejun cross. Indicating a possibility of upmove in this stock.
Is a more Risky trade but one can buy small qty at 580-85 levels wih stop of 569 and target of 600-620-640.
Biocon seems to be in a rangebound zone where the lower band of the range is near 605-610 and the upper band near 660-70 levels.
Being near the lower band of the range, in trendline support zone, biocon is good risk reward trade for bulls.
Buy Biocon between 605-612 with a stop below 599 on daily closing basis ... for target of 630-40-50.
NBCC has shown breakout & re-test of trendline on 125 min timeframe along with double divergence of rsi on daily charts. The future cloud is bullish & the ichimoku cloud set-up also gives a buying signal.
buy NBCC @ 57.50 with stop below 53 on 125min candle closing basis & a target of 64-68++ (timeframe 3-10 days)
For positional investors :
BPCL is above the cloud on 125 min candle chart with a green future cloud and trendline breakout. Can be a good risk reward trade if bought near 345-350 with stop of 335 (125 min candle closing basis) and targets of 370-380. Do your own study before taking any trades. Good Luck !!