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BUY Axis Bank Ltd

• The Stock has given a strong trend line breakout on the monthly & weekly time frames.

• The Stock is moving above all of its important moving averages.

• Stock has shown a positive RSI crossover..

• Stock is likely to make a new all time high in the coming trading sessions.

• Buy AXISBANK on CMP, and buy on dips on 710. with Stop Loss 674 and Target 1120

BUY Computer Age Management Services Ltd

• The Stock has give a downward sloping Trend line breakout on its weekly charts at 2570 Levels.

• Technically, as per the FR Theory (High – 4067.4 Low – 2037), The stock is well-placed above the 38.2% level.

• Momentum indicator RSI shows positive crossover in the weekly chart

• BUY CAMS above 2582, ADD on dips at 2520 for a Target of Rs 3200 with a strict stop loss of Rs 2300.

BUY Deepak Nitrite Ltd

• The Stock has witnessed a downward Channel on the weekly chart at 2040 levels with volumes.

• The Stock has also witnessed a turnaround from support level of 1600 mark on the weekly chart with increasing volumes.

• Momentum Indicators are showing strength.

• The Stock is likely to witness good momentum in the coming days and is likely to reach 2700 levels which would be the target for short term.

BUY Godfrey Phillips India Ltd

• Monthly chart indicates that stock is on the verge of giving the breakout of PENANT volumes suggesting potential up in short term.

• The chart indicates that consolidation breakout is witness with decent volume

• Looking towards the technical setup, we believe upside momentum may be witness towards 1900 mark in coming trading session.

BUY HCLTech Ltd

• The Stock has witnessed a breakout of downward sloping Channel on the weekly chart .

• The Stock has also formed a double bottom formation on its weekly charts.

• Momentum Indicators MACD & RSI are showing strength.

• The Stock is likely to witness good momentum in the coming days which can take the stock towards 1220 levels.

BUY IDFC First Bank Ltd

• Monthly chart indicates that after a almost 2 years of consolidation within the range of 50-65 levels, stock has given the breakout with decent volumes suggesting potential up move in near term.

• The chart indicates that stock is trading in the formation of higher tops and higher bottom from last 3 months.

• Looking towards the technical structure, we believe upside momentum may be witness in coming trading session.

BUY Kirloskar Oil Engines Ltd

• The Stock has witnessed a flag breakout on the daily chart at 250 levels with volumes.

• The Stock has also witnessed a Cup and Handle formation breakout on the weekly chart with increasing volumes.

• The Stock is likely to witness good momentum in the coming days and is likely to reach 350-400 levels which would be the target.

BUY Lumax Industries Ltd

• The Stock has witnessed a falling trendline breakout at approximately 1510 levels on the weekly chart.

• The Stock has witnessed a breakout after a period of four years.

• The Volumes in the last quarter are much higher than the previous quarters which confirms the breakout.

• Stock is likely to see hightened momentum and move towards 2000-2100 levels.

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