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Canara Bank

* On the weekly chart, the stock has witnessed a “Triangle” formation breakout around 170 levels indicating resumption of earlier up move

* The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments

* Rising volumes at breakout zone signals increased participation

* The stock is in up trend forming a series of higher tops and bottoms

* The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.

* The above analysis indicate an upside of 195-203 levels

* Holding period is 3 to 4 weeks.

Buy Canara Bank Limited Buy Range: 178-174 CMP 178 Upside: 11%-15% Stop loss: 167

BSE Limited

* On the daily chart, the stock has decisively broken out its three months “Multiple Resistance” zone at 1300 levels

* This breakout is accompanied with huge volumes indicating increased participation at breakout zone

* On the daily chart, the stock has well placed above its 20, 50 and 100 day SMA and sustaining above the same which reconfirm bullish sentiments

* The daily and weekly strength indicator RSI is placed above 50 mark which supports rising strength.

* The above analysis indicate an upside of 1480-1530 levels.

* Holding period is 3 to 4 weeks

Buy BSE Limited Buy Range: 1330-1304 CMP: 1337 Upside: 12% -16% Stop loss: 1232

NOCIL Limited

* On the daily chart, the stock has witnessed “Triangular” formation breakout at 298 levels on a closing basis along with rising volumes.

* The stock is trending up across all the time frames forming a series of higher Tops and higher Bottoms representing strong up trend

* This buying momentum was observed from 20-day SMA (291) which reconfirms bullish sentiments

* The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength

* The above analysis indicate an upside of 330-338 levels

* Holding period is 3 to 4 weeks

Buy NOCIL Limited Buy Range: 304-298 CMP: 307 Upside: 10% – 15%, Stop loss: 285

Bharat Heavy Electricals Limited​​​​​​​

* On the daily chart, the stock has rebounded from its Up-sloping Trend line support zone of 63 levels

* Rising volumes near support zone implies increased participation on short term corrections

* This buying momentum observed from its 100-Day SMA ( 62.80) which 08 October, 2021 remains a crucial support zone

* The stock is well placed above its 20, 50 Day SMA which reconfirms upside momentum

* The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.

* The above analysis indicate an upside of 73-78 levels

Buy Bharat Heavy Electricals Ltd Buy Range: 65-62 CMP: 65 Upside: 16% – 24%, Stop loss: 58

UFLEX Limited​​​​​​​

* On the weekly chart, the stock has witnessed “Multiple Resistance Zone” breakout at 580 levels indicating strong come back of bulls

* On the daily chart, the stock has also witnessed an “Inverse Head & Shoulder” pattern breakout.

* This breakout is accompanied with huge volumes indicating increased participation

* The weekly Bollinger Band buy signal also reconfirmed rising momentum

* The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.

* The above analysis indicate an upside of 660-685 levels

Buy UFLEX Limited Buy Range: 612-600 CMP: 624 Upside: 12% – 18%, Stop loss: 580

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