SBI LIFE 1350, witnessing classical inverted head and shoulder breakout on weekly charts. Target can be 1450 to 1520. invalid below 1280 on weekly closing basis. Entry should be above 1350 on weekly basis
BUY SML ISUZU 1080, till 950 for 1180,1300 and 1620. Weekly charts suggesting perfect rounding structure heading towards its previous all time highs. Volume data after strong results suggesting good trading and investment returns for taken. Invalid below 920 on weekly closing basis.
TFCI, 81, on verge of weekly breakout above 83 range. Above breakout we will see 105-120 range as technichal target. Invalid if falls below 75 range on weekly closing basis
BUY SML ISUZU 2099 till 1800 for 2500 and 2800. Multiyrbreakout with volumes are there. buy dips till 1800 and keep stop below 1700 on WCB. Target coming with fibonacci extensions.
Buy Tata Steel 145 for 155 to 180. Perfect VCP pattern with gradual higher high formation nearing all time high breakout. Good fundamentals are there in TATA STEEL
NLC INDIA, 170, is sustaining after breakout of 135 weekly/monthly range with volumes. Stock likely to test 210-240 range. Use dips till 145. invalid below 135 closing on weekly basis
NCC (M), CMP 129 is nearing to higher resistance of 140, after breakout we have next resistance at 220 to 240. Fibonacci extension also showing 215 levels. Wait for price volume action breakout.
Buy Engineers india ltd, EIL 98, for 125 and 200 in medium to long term. Highest weekly volumes in last 20years showing signs of big movement likely to happen. Invalid below 75 on weekly closing basis. All PSU stocks are getting re rated and now EIL getting ready for turnaround for bigger returns
buy shemaroo (w) 190 for 230/250/275. Good price volume breakout happening. BUY on dips till 170 with stop below 140 on weekly basis
ANTONYWASTE HANDLING (W) 530, has given good weekly breakout above 470 with volumes. With govt focus on cleanliness, there is sound budget allocation on this sector might come. buy on dips for 620 to 700 levels. View invalid below 460 on weekly closing
MOSL (W), MOTILAL OSWAL given multi yr breakout above 1650 with price volume. Next level to look for 1860/1920/2000 minimum. View invalid if falls below 1550 on weekly closing.
CNX AUTO setting up with toppish formation with bearish divergence on leading indicator. Good distribution happening in most of the stocks at higher levels
Buy TEXMACORAIL 66, for 90/120 and 140 in medium term. Classical rounding pattern formation happening on weekly charts. Hefty volumes are there on daily/weekly basis.
Buy Lauras Lab 320 to 335 range for 375/400/440. Expecting some proper bounce in beaten down names in pharma space. Keep stop below 310 on two days closing basis. Good volume base buying happening after bad results posted this quarter
HIMADARI, HSCL 103, has respected all weekly moving average and support of 80 range. HSCL ready for 140 to 160 range in medium term. Invalid below 80 levels on weekly closing basis. Use big dips here
FSL, Firstsource Ltd , 127 has given breakout on daily charts with highest volumes in last 2 years. This mid cap stock is looking now bullish for at least 25% returns with target of 160 to 180. Invalid below 115 on two day closing. This is price volume action
MOIL has sustained breakout above 290 multi yr range. At 335 we can easily see 415 to 480 in medium term. 415 is fibonaaci extension level. View invalid below 285 on weekly closing basis
EICHER after tripple top formation breakdown happening below 3850. 3750 is small support but stock can likely to see 3500-3550 levels soon. View invalid above 3930 on 2 days closing