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UPL Ltd

The stock has developed a solid base between the levels of 730 to 710 on a daily chart. The stock price is above each of the 20, 50 and 200 Day EMAs. If the price maintains above a small resistance of 753, UPL may go towards levels over 820. 

The stock's upward movement from a zone of consolidation between 710 and 730 levels is supported by heavy volumes implies a robust breakout. 

We can see the Bollinger band being squeezed on the weekly chart. The price remains above the middle line of the Bollinger band, which is setat 729, indicating that the stock is strong. 

The RSI Indicator on the daily chart is comfortably trading near 53 levels, indicating that the stock may rise. Furthermore, the stock has a strong support of an upward trend line and has consistently taken support of the same, which will help the stock move upwards towards 820 and above that, it can move towards ATH levels of 860.

BUY UPL @743 AND ADD UP TO 735 FOR THE TARGET OF 820/860

Ashok Leyland Ltd

On the monthly chart, the stock is rising with higher high- higher low formation which indicates strong traction in price action.

From the weekly chart strong Support is placed at 140 followed by 135 levels. The stock is trading above 20, 50 and 200 DMA (Daily Moving Average) indicates a positive trend in the counter. In a weekly chart, momentum indicator MACD has shown positive crossover, while RSI is also sustaining 52 levels which adds more bullishness to the price.

Moreover stock is also supported by Auto Index and may outperform in coming months.

On a daily chart, Volume has started to expand with a sharp up move in the stock price. Once the stock overcomes the immediate resilience of 152 levels, it may continue to outperform.

BUY ASHOKLEY @144 AND ADD UP TO 141 FOR THE TARGET OF 158/165

Wipro Ltd

The stock has been going up during the previous six weeks, forming a higher high higher low formation on a weekly chart. Additionally, Wipro has a solid base close to the 375 level, which can serve as a powerful support.

Additionally, the stock has created a doji-like pattern on monthly charts, which suggests a trend reversal, and has been consolidating, in a limited range of 375 to 415 levels during the past four months.

The price has remained above the 50 and 20 Day EMA levels, indicating the stock's strength.

On the daily chart, the RSI Indicator is comfortably trading near 52 levels, indicating that the stock has the potential to rise. Also, the stock is gaining support on the middle band of a Bollinger band, indicating strength on the daily chart.

BUY WIPRO @399 AND ADD UP TO 390 FOR THE TARGET OF 442/457

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