NAUKRI, near very good support zones, the stock has corrected more than 25%, near demand zone and 200 EMA, oversold on RSI, looks good candidate for Positional long
Hindalco at short-term trendline support, also near 50 EMA which will act as a strong support point. Historically, in the past year, the stock has reversed most of the time from its 50 days EMA. Can go long here with SL below last swing low of 438, aiming for a target of new ATH of 600, giving a 1:4 R:R .
SBI Cards consolidating near ATH, in a continuous zig-zag formation, RSI about to breakout, also about to enter in F&O segment from next series, looks good candidate for decent upside till 1400/1500 levels, SL 1010
DRREDDY breaking out from 9-month consolidation, from falling trendline with rising volumes, RSI also breaking out also CNXPHARMA index breaking above all-time highs.
Can expect immediate targets of 5800/6000.
GUJRAT ALKALIES, after breaking out from its 1-year trading range is back near its breakout levels, which is a very strong demand zone.
Price and Volume action showing accumulation in this range, expecting the stock to resume up-move, for the targets of 520/645.
After 3 years, the stock broke out above its very strong Demand/ Supply zone of 280-310 levels at the start of the year and has now formed a very strong base at those levels after 5 months of consolidation and now forming Bullish FLAG Pattern on Daily and Weekly charts, also CNXAUTO sector also on verge of breakout.
Targets as per Fibonacci retr comes out to be...
AVANTIFEEDS forming a textbook Diamond pattern on weekly charts. Volumes rising gradually, targets come to be around 775 (Diamond top) and 975 (Diamond length and weekly resistance).
