LKP Triology - Bodal Chemicals, Sagar Cements, Tata Elxsi Ltd By LKP Securities
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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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