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04-05-2021 09:19 AM | Source: LKP Securities Ltd
LKP Triology - Bodal Chemicals, Sagar Cements, Tata Elxsi Ltd By LKP Securities
News By Tags | #3959 #1352 #2193 #3050

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Bodal Chemicals Ltd 

* Stock has witnessed strong breakout previously and recently prices are trying to bounce after retesting its breakout zone.

* Prices also moving northwards after touching its Kijun on daily chart which is also positive

* Prices are well trading above ichmoku clouds suggesting immediate trend is up.

Buy Bodal Chemicals Ltd @ 94 - 95 CMP 94 TGT 108 SL 88 CB

 

Sagar Cements

* Good Bollinger bands squeeze is witnessed on daily chart which hints good action may be seen in near term

* Good volume also visible on last candle

* Both momentum indicators RSI and MACD are ranging in positive territory

Buy Sagar Cements Ltd @ 735 - 740 CMP 735 TGT 815 SL 697 CB

 

Tata Elxsi

* Stock has given a symmetrical triangle breakout on daily chart which is consier as continuation pattern by nature

* Decent volume activity is witnessed at the time of breakout

* Prices are trading above ichimoku clouds which suggest immediate trend is up

Buy Tata Elxsi Ltd @ 2,772 - 2,785 CMP 2,772 TGT 3,010 SL 2,620 CB

 

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