Trilogy for the month : Prince Pipes and Fittings Ltd, Divi`s Laboratories Ltd, Carborundum Universal Ltd By LKP Securities
PRINCE PIPES AND FITTINGS LTD
* Stock has given a bullish pennant breakout on daily chart which is consider to be a bullish continuation pattern by nature.
* Strong volume activity has been seen at the time of breakout.
* Prices are well managing above ichimoku clouds which hint overall trend is good .
PRINCE PIPES AND FITTINGS LTD @528-532 CMP 528 1 MONTH TARGET 600 SL 500 CB
DIVI'S LABORATORIES LTD
* Stock has given fresh breakout on longer time frame charts.
* Prices are hovering above ichimoku clouds which suggest overall trend is up.
* Both momentum indicator RSI & MACD are ranging in positive territory.
DIVI'S LABORATORIES LTD @4060-4080 CMP 4060 1 MONTH TARGET 4400 SL 3850 CB
CARBORUNDUM UNIVERSAL LTD
* Stock has given fresh range breakout on daily chart .
* Massive volume activity is witnessed at the time of breakout as we can see on chart.
* Both momentum indicator RSI and MACD showing positive move.
CARBORUNDUM UNIVERSAL LTD @548-552 CMP 548 1 MONTH TARGET 620 SL 515 CB
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