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Bharat Heavy Electricals Ltd.

• BHEL Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 80-78 levels

• Stock broke out with a strong bullish candle indicating a positive trend.

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

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum.

• The above analysis indicates an upside of 90-99 levels.

• Holding period is 3 to 4 weeks.

Buy Bharat Heavy Electricals Ltd.CMP: 82 Buy Range: 80-76 Stop loss: 72 Upside: 15% - 27%

Redington Ltd

• Redington Ltd, on the weekly chart has decisively broken out above the “Multiple resistance zone” placed at 172-164 level.

• The weekly “Bollinger band” generated a buy signal as stock closed above the upper Bollinger Band.

• Stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum.

• The weekly strength indicator RSI is holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 199-210 levels.

• Holding period is 3 to 4 weeks.

Buy Redington Ltd CMP: 177 Buy Range: 177-173 Stop loss: 163 Upside: 14% –20%

Apollo Hospitals Enterprise Ltd.

• On the weekly time frame the stock has decisively broken out above the Downward Sloping Trendline.

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

• Stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum.

• The weekly strength indicator RSI is holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 5220-5350 levels. *Holding period is 3 to 4 weeks.

Buy Apollo Hospitals Enterprise Ltd.CMP: 4789 Buy Range: 4750-4656 Stop loss: 4445 Upside: 11%-14%

RBL Bank Ltd

• RBL Bank on the daily time frame has decisively broken out above the “Multiple resistance zone” placed at 148-143 levels.

• .Stock is also respecting the upward sloping trendline and forming a higher high-low on daily chart. This formation indicates a positive uptrend.

• The daily “Bollinger band” generated a 25 November, 2022• The daily “Bollinger band” generated a buy signal as stock closed above the upper Bollinger Band.

• The daily strength indicator RSI is in bullish mode and daily RSI cross above its reference line which had generated a buy signal.

• The above analysis indicates an upside of 169-176 levels.

• Holding period is 3 to 4 weeks.

Buy RBL Bank Ltd CMP: 150 Buy Range: 150-147 Stop loss: 138 Upside: 14%-19%

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