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Weekly Tech Picks

Container Corporation of India Limited

• On the weekly time frame the stock has decisively broken out one year “down-sloping trend line” at 690 levels on a weekly closing basis

• This buying support was observed from 20-day SMA (668) which remains a crucial support zone

• On the daily and the weekly time frame, Container Corporation of India Limited Weekly Tech Picks 29 July,2022the stock has entered in up trend forming a series of higher tops and bottoms

• The stock is well placed above its 20, 50,100 and 200 day SMA which reconfirmed bullish trend

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

• The above analysis indicate an upside of 765-800 levels

Buy Container Corporation of India Limited CMP: 710 Buy Range: 705-690 Stop loss: 660 Upside: 10% - 15%

Weekly Tech Picks

Gujarat Narmada Valley Fertilizers and Chemicals Limited

• On the daily time frame, the stock has observed “rounding bottom” breakout at 700 levels along with rising volumes

• The stock has recaptured its 200-day SMA and rebounded sharply

• The positive crossover of 20 and 50 day SMA signals bullish sentiments in the near term 29 July,2022• On the weekly time frame, the stock is trending higher forming a series of higher tops and bottoms

• The daily and weekly strength indicator RSI is in positive terrain and sustaining above 50 mark indicating sustained strength

• The above analysis indicate upside of 780-815 levels. *Holding period is 3 to 4 weeks.

Buy Gujarat Narmada Valley Fertilizers and Chemicals Limited CMP: 720 Buy Range: 710-695 Stop loss: 660 Upside: 11% - 16%

Weekly Tech Picks

Bata India Limited

• On the weekly chart, the stock has confirmed ten months “down-sloping channel” breakout around 1880 levels on a closing basis

• Rising volumes at breakout zone indicates increased participation

• The stock is well placed above its 20, 50, 100 and 200 day SMA’s and 29 July,202250, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments

• The daily “band Bollinger” buy signals indicate increased momentum

• The daily and weekly strength indicator RSI continue to remain bullish which signals sustained and rising strength

• The above analysis indicate upside of 2100-2150 levels

Buy Bata India Limited CMP: 1965 Buy Range: 1945-1905 Stop loss: 1840 Upside: 9% - 12%

Weekly Tech Picks

Coal India Limited

• On the weekly chart, the stock has confirmed “multiple resistance“ breakout at 205 levels

• This breakout is accompanied with huge volume spurt indicating increased participation at breakout zone

• The stock is well placed above its 20, 50,100-day and 200 SMA support zone 29 July,2022which reconfirm bullish sentiments

• The daily and weekly “band Bollinger” signals increased momentum

• The daily and weekly strength indicator RSI is in bullish mode which supports rising strength

• The above analysis indicate upside of 232-242 levels

• *Holding period is 3 to 4 weeks.

Buy Bata India Limited CMP: 212 Buy Range: 210-205 Stop loss: 195 Upside: 12% - 7%

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