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NMDC

• On a monthly chart, the stock has been trading with higher highs & higher low formations which suggests an upside rally in the counter.

• Furthermore, the stock has been trading with the support of 50 MMA which suggests a positive bias.

• On a daily chart, the stock has been trading in a rising wedge formation and tested the lower band of formation which points out.

• A daily momentum indicator Stochastic shows a positive crossover which adds more bullishness to the price.

• As per the above technical parameters, the Stock is looking bullish on charts, one can initiate a long position at CMP 133 & up to 130 levels for the target at 145-170 levels while on the downside, the support comes at 121-111 levels.

TATACONSUM

• On a weekly chart, the stock has been trading in a Symmetrical Triangle formation where the stock has taken the support of its lower band of the pattern which indicates a bounce-back move in the counter.

• Moreover, the stock has formed “Hammer Candlestick” on a weekly chart with the support of an 89-weekly moving average which suggests an upside movement in the counter.

• Furthermore, the Stock price has pulled back from the lower Bollinger band and Rising trend line, which indicates bullish sentiments in the counter.

• A daily momentum indicator Stochastic shows a positive crossover which adds more bullishness to the price.

• As per the above technical parameters, the Stock is looking bullish on charts, one can initiate a long position at CMP 760 & up to 750 levels for the target at 825-880 levels while on the downside, the support comes at 725-680 levels.

COALINDIA

• In the weekly time frame stock is trading in Higher High –Higher Low formation confi rming the bullish trend.

• According to Fibonacci retrenchment from the monthly chart, 238 levels remain immediate resistance once it breaks and sustains price can stretch towards 278 levels or 50 percent of the Fibonacci level.

• In the daily chart, the technical outlook is also responding positively, with the formation of a cup and handles pattern pointing to optimism for the ongoing rally.

• The MACD and RSI indicators position reinforces the stock’s bullish narrative in the counter. The gradual rise in volume with price confi rms the stock’s strength.

• As per the above technical parameters, the Stock is looking bullish on the chart, one can initiate a long position at CMP 236 & up to 230 levels for the target of 280-310 levels. On the downside, the support comes at 210-175 levels.

SUNPHARMA

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

• The stock is trading above 20, 50, and 200 DMA (Daily Moving Averages) indicating a positive trend in the counter. From the weekly chart, strong Support is placed at 930 followed by 870 levels while Resistance remained at 1050 followed by 1180 levels.

• In a monthly momentum indicator MACD has shown a positive crossover, while RSI is also sustaining 60 levels which add more bullishness to the price. On a daily chart, Volume has started to expand with a sharp up move in the stock price.

• Once the stock overcomes the immediate resistance of 1000 levels, it may continue to outperform. • As per the above technical parameters, the Stock is looking bullish on the chart, one can initiate a long position at CMP 975 & up to 960 levels for the target of 1050-1180 levels. On the downside, the support comes at 930-870 levels

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