Zydus wellness has been showing a lot of strength lately. It has formed a pole and flag pattern and has also given a breakout.
Can be bought at CMP of Rs. 2138 for targets of 2200, 2250, 2400++ (Short to medium term)
As published in the chart on 25th of March'21, I still am of the view that if the level of Rs. 1990 is breached on daily chart, the stock can see some downfall. One can short RIL if 1990 is breached on daily closing basis for targets of 1900, 1840.
Cup and handle breakout has been given in SAIL along with rise in volumes. Can initiate longs. It also seems that the Nifty Metal will outperform Nifty50 index. Be invested in the stock for medium to long term. In the short term, the stock should soon clear the level of Rs.80 after which the stock will further give a good upmove.
Lincoln Pharma has been consolidating in the range for a long time. If it breaks out of the range and sustains the same it could give good return in the short term.
CMP - 258.7 (Needs to close above 265 on daily closing basis for a breakout)
Target - 275, 300, 320++
Reliance has made a head and shoulder pattern on daily chart. It has tested the support of 1990 various times.
Keep a watch on the stock tomorrow. If it opens flattish (in the range of 1990-2000), we can see a downward movement in the stock. Can short below 1990/1985.
