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APL Apollo Tubes Ltd

• The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias

• The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments.

• On the daily chart, the stock has confirmed “rounding bottom” formation which denotes continuation of prior uptrend

• The daily and weekly strength indicator RSI is above its reference line indicating positive bias.

• The above analysis indicate upside of 1345-1390 levels. *Holding period is 3 to 4 weeks.

Buy APL Apollo Tubes Ltd@: 1199-1177 CMP: 1199Stop loss: 1110

Sobha Ltd

• On the daily time frame the stock has confirmed “multiple resistance” zone at 600 levels. This breakout is accompanied with huge volumes which signals increased participation

• The stock is well placed above 20 and 50 day SMA’s which reconfirms bullish trend

• The daily band Bollinger buy signal indicate increased momentum.

• The daily and weekly strength indicator RSI is in bullish mode and sustaining above 50 mark indicating sustained strength

• The above analysis indicates an upside of 670-690 levels. *Holding period is 3 to 4 weeks.

Buy Sobha Ltd @ 615-603 CMP: 615 Stop loss: 578

Vedanta Ltd

• On the weekly chart, the stock has confirmed “multiple resistance” zone breakout at 326 levels

• This breakout is accompanied with rising volume indicating increased participation

• The stock is trading above 20, 50, 100 and 200 SMA indicating positive trend and bullish sentiment on a stock.

• The daily, weekly and monthly strength indicator RSI is in bullish mode and weekly RSI cross above EMA which generated a buy signal.

• The above analysis indicates upside of 360-377 levels. *Holding period is 3 to 4 weeks

Buy Vedanta Ltd @ 330-324 CMP: 330 Stop loss: 310

Larsen & Toubro Ltd

• The stock is in strong uptrend across all the time frames forming a series of higher tops and bottoms indicating bullish sentiments

• On the weekly chart, the stock has confirmed “multiple resistance” zone of 2200 levels. This breakout is accompanied with rising volume indicating increased participation

• The stock is well placed above its 20,50,100 and 200 Day SMA’s which reconfirm bullish sentiments

• The daily, weekly and monthly strength indicator RSI is in positive terrain and sustaining above 9EMA mark indicating positive momentum.

• The above analysis indicates upside of 2395-2460 levels. *Holding period is 3 to 4 weeks.

Buy Larsen & Toubro Ltd @ : 2240-2196 CMP: 2246 Stop loss: 2130

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