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Infosys formed a bearish reversal candlestick at a one year long trendline showing weakness in the stock. The stock is expected to test its previous important support zone of 900-910. sl- 1000 cmp - 970

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Hero MotoCorp has been forming a series of higher high and higher low clearing indicating that it is in an uptrend. Today it has broken its previous high with good volumes. The best way to manage risk and have a good risk reward is to enter the such stocks when there is a pullback. The decision of entry depends on the risk apetite of the trader. It is a good buy...

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The stock is in strong uptrend and it seems to be done with a correction. It recently formed a reversal candlestick pattern hammer (not the best example here) at support and since then it has shown signs to continue its journey upwards to retest the previous swing highs. It is a buy at CMP for a target of 4400, 4650

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Voltas after a long rally did a time retracement. Now it is ready to head up. Buy above 428, Support 402-406.

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Gail has broken important resistance zone last week with volume. It is good positional buy with 397 as Stop Loss. Half qty can be entered at CMP and rest in case it takes support at the breakout levels.

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Asian Paints has been moving in an uptrend forming a series of higher high and higher lows. Currently it is taking support at a 5 months strong trendline. It is a good buy at CMP 1100. Target 1180, 1220

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BGR Energy has been in strong uptrend forming a series of higher highs and higher lows. Last two days there has been good upmove again after some price and time retracement with good volumes. A important resistance zone was broken yesterday which is sign that bulls have regained control. The stock has formed a good rounding at the bottom ( Rounding Bottom), Buy...

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Amara Raja Batteries has given a inverted Head and Shoulder pattern breakout with good volumes on the daily chart. It is good buy at CMP . Target 975, 1010. SL 893

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Fortis has broken out of rectangular channel in the weekly charts a few weeks back with good volumes. It is re testing the breakout levels. It is good entry at CMP 209, with SL of 199, Target 230, 250

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JK tyre broke an important resistance zone 2 weeks back with good volumes. Now it has retraced a bit and is inching towards its breakout levels. Retest zones are always the best area to enter as there is minimum risk at this entry point. Its taken a shape of cup and handle pattern. I would suggest to enter half qty now around 165, and rest if we get a chance to...

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Nifty 50 after a sideways consolidation has given a breakout in the hourly chart yesterday. Its primary trend has been up, forming a series of higher highs and higher lows. Any dip would be a buying opportunity. Buy in case it corrects to its nearest support SL 9369. CMP 9430

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Eicher Motors has been in strong uptrend forming a series of higher highs and higher lows. It has broken an important resistance zone yesterday with good volumes. It is above all the important Moving averages. It is buy at CMP with 26000 as SL

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Maruti has been taking support at 6600-25 Levels in the 15 minute chart. Also there is hammer retest. It is good buy around 6625 with SL 6595 and target of 6685. RR 1:2.

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Bajaj Auto has given a breakout yesterday. It is good buy at CMP with 2860 as SL, for a target of 3120, 3300, 3500.

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Union Bank after forming Double Pattern (W Pattern), made a series of higher highs and higher lows in the weekly chart, confirming a change in trend. Price has also broken an important long term trendline with good volumes last week , which would have been a perfect entry around 174 levels. Union Bank is a buy near 174 with a SL 154. Targets 210, 250. Not a buy...

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Nifty has formed a big Bearish Engulfing candle on Friday in the daily chart engulfing the last 6 candles, which makes it all the more effective. But, this candle has been formed at the Gap support. My opinion is that even if the low of the bearish engulfing breaks, I would not short it as such gaps do work as support and I will not be comfortable shorting it...

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Maruti has been trading in a Descending Triangle forming lower highs and equal lows in the shorter time frame. It is also taking support at the gap. Enter on a breakout on the upside.

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Marico has given a breakout with volumes few days back. It is a good positional buy with 300 as SL. Half qty can be entered at CMP, rest near the breakout levels.