Trilogy for the month : InterGlobe Aviation Ltd, Federal Bank Ltd, JSW Steel Ltd By LKP Securities
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INTERGLOBE AVIATION LTD
* Stock has given breakout above its strong hurdle zone, historically it acted as strong supply zone which hints stock is in good demand.
* Descent volume activity has been seen at the time of breakout.
* Both momentum indicator RSI & MACD are ranging in positive territory.
Buy InterGlobe Aviation Ltd @ 1904 - 1920 CMP 1904 1-MONTH TARGET 2140 SL 1765 CB
FEDERAL BANK LTD
* Stock has given a double bottom breakout on four hour chart which consider to be bullish reversal pattern by nature.
* Momentum indicator RSI showing positive sign which is early sign of reversal.
* Bullish crossover witnessed in MACD.
Buy Federal Bank LTD @ 81 – 82 CMP 81 1-MONTH TARGET 93 SL 77 CB
JSW STEEL LTD
* Prices are hovering in rectangle pattern and currently prices are trading near lower band of the rectangle.
* Also prices are consolidating near good support zone which hints we may see breakout soon.
* Both momentum indicator RSI & MACD showing positive action.
Buy JSW Steel Ltd @ 687 – 695 CMP 687 1-MONTH TARGET 770 SL 655 CB
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