In the chart, we can see a formation of rounding bottom along with double bottom chart pattern. RSI Divergence supports the bullish view. Long options can be bought. Asian paints can be seen touching the levels of 2800+ by the last week of March.
PVR may rally if the current resistance is surpassed. However, buy only above 1600 levels. As suggested by RSI and stochastic RSI a downward move is expected in the upcoming days. Stay long on PVR only above 1600 levels.
HCL technologies has just taken a support from the upward curve. We may see an upward move in the upcoming days and stochastic RSI suggesting the same. Long options can be bought.
From here onwards we can expect an upward move in Tata Steel as RSI divergence data looks positive and formation of a rounding bottom can be predicted. One can go Long from here.
This can be a beginning of downtrend in Indusind Bank. As the stock price has broken the support level formed during the consolidation levels. If one is already holding this stock. Time to book profits. Put Option can be bought.
