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Ambuja Cements Ltd

• On the weekly time frame Ambuja Cement has decisively broken out above “pennant” pattern. Pattern is formed after a sharp rally from 350 level.

• Break out after a “pennant” pattern signifies continuation of previous rally.

• This breakout is accompanied with rising volume, which normally dried up during “pennant” pattern formation

• The weekly strength indicator RSI is in The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above 9EMA which generated a buy signal

• The above analysis indicates an upside of 600-620 levels.

*Holding period is 3 to 4 weeks.

Buy Ambuja Cements Ltd CMP: 558 Buy Range: 552-540 Stop loss: 519 Upside: 10% - 14%

Bajaj Finserv Ltd

• On the weekly time frame the stock has decisively broken out above “Bullish flag” pattern.

• Stock has also close above multiple resistance zone place between 1780- 1740.

• This breakout is accompanied with rising volume, which normally dried up during “Flag” pattern formation.

• The stock is trading above 20, 50, 100 and 200 SMA indicating positive trend and bullish sentiment on a stock.

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above 9EMA which generated a buy signal.

• The above analysis indicates upside of 1950-2000 levels.

*Holding period is 3 to 4 weeks.

Buy Bajaj Finserv Ltd CMP: 1800 Buy Range: 1770-1740 Stop loss: 1660 Upside: 11% –14%

Canara Bank Ltd.

• On the weekly time frame the stock has decisively broken out above “multiple resistance” zone. Breakout area for the same was place at 273-267 level.

• On the daily time frame, the stock is in strong up trend forming a series of higher tops and bottoms

• The stock is well placed above its 20,50,100 and 200 Day SMA’s 4 November, 202220,50,100 and 200 Day SMA’s which reconfirm bullish sentiments

• The weekly strength indicator RSI is in positive terrain and sustaining above 9EMA as well as 50 mark indicating positive momentum.

• The above analysis indicates upside of 324-330 levels. *Holding period is 3 to 4 weeks.

Buy Canara Bank Ltd CMP: 297 Buy Range: 294-288 Stop loss: 275 Upside: 11%-13%

Tata Steel Ltd.

• On the weekly time frame the stock has decisively broken out above “Downward sloping trendline” which was place at 102 level.

• Stock took a support at 61.8% Fibonacci retracement of a rally from 82-114 place at 94.5 level which forms a short term bottom.

• The breakout is accompanied with increase in volume confirming participation at breakout level.

• The weekly strength indicator RSI is in cross above 9EMA mark indicating positive momentum.

• The above analysis indicates upside of 112 -15 levels. *Holding period is 3 to 4 weeks.

Buy Tata Steel Ltd CMP:105 Buy Range: 102-100 Stop loss: 96 Upside: 11%-14%

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