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BHEL is in a support band of 133-134.
The bounce from here could take the stock to 150 levels again.
From the previous high of 412, the stock has found support at the retracement zone between 61.8% and 50%. The fib extn targets are pointing for targets 419,427 and 453 in the near term.
Ujaas may test 48 level again for a consolidation to decide on its future course. The SL would be 36.
SBI may test 327 level in the near term if it breaks 295.20 levels . The SL is at 275.
50 ema crossover in the daily chart and support at 106.25 may help distv to test 115 in the short term. Failure may trend it down to 94 levels.
A trade setup for shorting with retracements to T1 @86.05, T2@85.45 and T3@83.75 exists as per the chart.
Breach above SL at 89 confirms buy with target of 98.75.
Two CnH patterns are spotted in GAIL .
The first CnH with double top at 538 levels shall move GAIL to 640 levels if the CnH holds true.
Failure to break 538 levels can drag GAIL to 490 levels to the CnH pattern in the making. In case of second CnH, GAIL shall retrace to 490 levels and then move to 800 levels in such a scenario.
The chart pattern indicates short opportunity for JISLJAL with TGT as 91 and 84 in the near term. Stops may be placed at 95.40 or 96.40 as per risk appetite.
JK Tyre shall move to 124.50 in the next trading sessions and a strong close above 125.60 can aim for target of 131.70. Supported by volumes it shall even test 160 levels in the near term with a SL at 113.
The chart pattern indicates the following targets.
Parag Milk products have fallen with Good volumes.
In the medium term the price shall fall to S1 (194.22) and bounce back to T1 (234.29) and T2 (258) levels.
Long term support is at 105.14