IGI Logo

KEC Int. Ltd

* Since 2013, the stock is in strong uptrend forming a series of higher tops and higher bottom

* With current close, the stock has decisively broken out monthly “Multiple Resistance Zone” of 470-480 levels which reconfirms resumption of major up trend

* On the yearly chart, the stock has surpassed its past four years consolidation range

* Volumes have been rising and were above average in the initial uptrend

* The monthly and quarterly RSI has given a bullish crossover indicating that the momentum has turned positive

* The above analysis indicate an upside of 535-565

Buy KEC Int. Ltd CMP 473, Buy Range:455-435, Support zone: 440-410, Upside 20%-27%

 

 

United Spirits Ltd (MCDOWELL)

* Since past eight years the stock was consolidating in a broad range (820- 400) representing strong accumulation

* This consolidation breakout is confirmed on a Sept.21 quarterly closing basis which signal resumption of uptrend

* Stock is well placed above its 50-day, 100-day and 200-day SMAs’ which reconfirms the strong up trend

* The monthly and quarterly Bollinger Band buy signal indicates increased momentum

* The monthly RSI is trending higher indicating that the bullish momentum is intact.

* The above analysis indicate an upside of 970-1050

BuyUnited Spirits Ltd (MCDOWELL) CMP: 893, Buy Range: 870-820, Support zone: 800-730, Upside: 18%-28%

 

Kolte - Patil Developers Ltd

* On the monthly chart, the stock has witnessed an inverse Head & Shoulder - reversal pattern breakout at 285 levels on a closing basis

* This breakout is accompanied with huge volume breakout which indicates increased participation

* Stock is well placed above its 50-day, 100-day and 200-day SMAs’ which reconfirms the strong up trend

* In addition to this , the monthly Bollinger Band buy signals reconfirm bullish sentiments ahead

* The monthly RSI has given a bullish crossover at lower levels indicating change of momentum to the upside.

* The above analysis indicate an upside of 340-365

Buy Kolte - Patil Developers Ltd CMP: 303, Buy Range: 290-265, Support zone: 255-220, Upside: 23%-32%

 

State Bank of India

* After a steep correction, stock has found support near the 61.80% retracement levels indicating that the bulls have entered into the stock.

* On the yearly chart, stock has given a multi year resistance breakout at 300 levels whereas on the monthly timeframe stock has bounced after forming a big doji candle formation indicating change of trend to the upside

* Volumes were strong when the stock found support at lower levels indicating accumulation at lower levels

* Momentum is expected to turn more bullish as soon as the RSI gives a bullish crossover.

* The above analysis indicate an upside of 570-600.

Buy State Bank of India CMP: 504, Buy Range: 485-465, Support zone: 450-425, Upside: 20%-26%

 

Ashok Leyland Ltd

* With current close, stock has decisively broken out its past ten months “Consolidation Range” (140-100) at 140 levels indicating strong come back by bulls

* On the yearly chart, the stock has confirmed “Hammer” – trend reversal pattern which signal increased participation at lower levels

* Stock is well placed above its 50-day, 100-day and 200-day SMAs’ which reconfirms the strong up trend

* The monthly and quarterly RSI is trending higher indicating that the momentum is quite strong even after the breakout

* The above analysis indicate an upside of 165-170

Buy Ashok Leyland Ltd CMP: 141, Buy Range: 135-128, Support zone: 125-115, Upside: 26%-30%

 

Minda Corporation Ltd

* On the yearly chart, the stock is consolidating within 60-220 levels but recently the stock has rebounded sharply from lower end support zone

* On the monthly chart, the stock has observed shift of trend forming a series of higher Tops and higher Bottoms

* With May’2021 close, the stock has decisively broken out its earlier resistance of 115 along with huge volumes

* The stock recaptured its 50 and 100 day SMA which signal strength

* The monthly and quarterly strength indicator RSI is in bullish mode and quoting above 50 mark indicating rising strength on larger time frame.

* The above analysis indicate an upside of 170-185 

Buy Minda Corporation Ltd CMP: 148, Buy Range: 140-127, Support zone: 120-110, Upside: 26%-37%

 

Bharti Airtel Ltd

* Since the start of 2007, the stock was consolidating with 560-220 levels however with Sep.2021 close the breakout was confirmed

* On the quarterly and yearly chart, the stock is trending up forming a series of higher Tops and Bottoms

* Rising volumes in past couple of years signifies increased participation on yearly breakout

* The monthly and quarterly Bollinger Band buy reconfirm upside momentum

* The monthly and quarterly RSI is in bullish mode and above 50 mark indicating further strength

* The above analysis indicate an upside of 775-810

Buy Bharti Airtel Ltd CMP: 691, Buy Range: 665-630, Buy Range: 665-630, Upside: 20%-25%

 

ACC Ltd

* On the monthly / yearly chart, stock has decisively broken out its “Multiple Resistance” of 1900 levels on a closing basis and sustaining above the same

* The stock has recaptured its 50 and 100 day SMA and sustaining above the same

* On the daily and weekly time frame the stock is in corrective mode which remains as buying and accumulation opportunity

* Strong support from 200 day SMA (2033) signals sustained strength

* The monthly and quarterly RSI is in bullish mode and above 50 mark indicating further strength

* The above analysis indicate an upside of 2490-2580 levels.

Buy ACC Ltd CMP: 2289, Buy Range: 2210-2130, Support zone: 2070-1990, Upside: 15%-20%

 

TCS Ltd

* The stock is trending up on the long term charts forming a series of higher Tops and Bottoms signalling strong up trend

* With past 3-4 weeks corrective move, the stock is approaching towards its previous breakout zone of 3400 levels which remains a crucial support zone

* The stock is hovering around its 100- day SMA (3496) which remains an important support zone

* It is also well placed above 200-day SMA (3312) representing bullish sentiments on long term charts

* The above analysis indicate an upside of 3750-3985

Buy TCS Ltd CMP: 3424, Buy Range: 3350-3260, Support zone: 3200-3120, Upside: 13%-20%

 

SBI Cards Ltd

* Since Jan.2021, the stock is under strong accumulation in an “Ascending Triangle” formation and the expected breakout range is around 1160 levels

* Currently the stock is trading near its apex point and on the verge of breakout

* As on the weekly and monthly time frame the stock is trending higher forming a series of rising bottoms which signals rising participation on dips
* The stock is well placed above its 20, 50, 100 and 200 day SMA which supports bullish sentiments ahead

* The weekly RSI and Stochastic both are in bullish mode which supports upside momentum.  The above analysis indicate an upside of 1275-1330

Buy SBI Cards Ltd CMP: 1138, Buy Range: 1100-1050, Support zone: 1000-940, Upside: 19%-24%

 

 

Grasim Industries Ltd

* The stock is in strong up trend across all the time frames forming a series of higher Tops and Bottoms indicating sustained up trend

* On the quarterly chart, the stock has witnessed “V” shape breakout at 1300 levels on a closing basis and is currently moving in an upward sloping channel on the weekly timeframe

* The stock is well placed above its 50, 100 and 200 day SMA which supports bullish sentiments ahead

* The monthly and quarterly RSI both are in bullish mode which supports upside momentum.

* The above analysis indicate an upside of 1885-1950

Buy Grasim Industries Ltd CMP: 1702, Buy Range: 1670-1650, Support zone: 1570-1500, Upside: 17%-21%

 

To Read Complete Report & Disclaimer Click Here

 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer