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Alicon Castalloy Ltd.

• Alicon Castalloy Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 1000-1020 levels.

• Stock broke out with a strong bullish candle indicating a positive trend.

• The breakout is accompanied with an increase in volume confirming participation at breakout level.

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum

• The above analysis indicates an upside of 1210-1250 levels.

• Holding period is 3 to 4 weeks.

Buy Alicon Castalloy Ltd CMP: 1083 Buy Range: 1060-1040 Stop loss: 968 Upside: 15% - 19%

JB Chemicals & Pharmaceuticals Ltd

• On the weekly time frame the stock was also consolidating between 2070-1750 levels. This week it broke above this consolidation with a strong bullish candle.

• The weekly “Bollinger band” generated buy signal as stock closed above the upper Bollinger Band.

• This breakout is accompanied with 18 November, 2022rising volume, which normally dried up during the “consolidation” pattern.

• The weekly strength indicator RSI is in holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 2340-2390 levels.

• Holding period is 3 to 4 weeks.

Buy JB Chemicals & Pharmaceuticals Ltd CMP: 2121 Buy Range: 2100-2066 Stop loss: 1950 Upside: 13% –15%

IIFL Finance Ltd.

• On the weekly time frame the stock has decisively broken out above Multiple year high from 2018, which is placed at 418 level.

• The breakout is accompanied with an increase in volume confirming participation at breakout level.

• Stock is well placed above 20, 50, 100 and 200 key averages indicating 18 November, 2022and 200 key averages indicating positive momentum.

• The weekly strength indicator RSI is holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 505-525 levels.

•  Holding period is 3 to 4 weeks.

Buy IIFL Finance Ltd CMP:448 Buy Range: 445-437 Stop loss: 410 Upside: 15%-19%

Great Eastern Shipping Company Ltd

• GE Shipping on the weekly time frame has decisively broken out above the “Consolidation zone” placed between 562-500 levels..

• .Stock is also respecting the upward sloping trendline and forming a higher high-low on weekly chart. This formation indicates a positive uptrend.

• This breakout is accompanied with 18 November, 2022• This breakout is accompanied with rising volume, which normally dried up during the “consolidation” pattern

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above its reference line which had generated a buy signal.

• The above analysis indicates an upside of 688-720 levels.

• Holding period is 3 to 4 weeks.

Buy Great Eastern Shipping Company Ltd CMP:625 Buy Range: 620-608 Stop loss: 577 Upside: 12%-17%

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