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Eicher Motors Limited

* On the daily chart, the stock has observed trend reversal as it has confirmed “W” pattern on a closing basis

* This breakout is accompanied with rising volumes indicating increased participation at lower levels

* The stock is well placed above its 20 and 50 day SMA which supports bullish sentiments

* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum.

* The above analysis indicate an upside of 2720-2760 levels

* Holding period is 3 to 4 weeks.

Buy Eicher Motors Limited Buy Range: 2588-2538 CMP 2588 Upside: 6%-8% Stop loss: 2470

Hindalco Industries Limited

* On the daily chart, the stock has decisively broken out its three months “Inverse Head & Shoulder ” pattern on a closing basis

* This breakout is accompanied with huge volumes indicating increased participation

* On the daily chart, the stock has confirmed higher tops and higher bottoms formation indicating up 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 490-510 levels

* Holding period is 3 to 4 weeks.

Buy Hindalco Industries Limited Buy Range: : 470-462 CMP 475 Upside: 5% – 9% Stop loss: 455

Fertilizers and Chemicals Travancore Limited​​​​​​​

* On the weekly chart, the stock has witnessed down-sloping “trend line” breakout at 126 levels indicating trend reversal

* Rising volumes at breakout zone implies increased participation at breakout zone

* On the weekly chart, the stock is in up trend forming a series of higher tops and bottoms 

* The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead.

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

* The above analysis indicate a downside of 145-152 levels.

Buy Fertilizers and Chemicals Travancore Limited Buy Range: 128-125 CMP 133 Upside: 15% –20% Stop loss: 114

Narayana Hrudayalaya Ltd.​​​​​​​

* With current close the stock has confirmed the “consolidation range” breakout on a closing basis

* On the weekly chart, the stock is trending higher forming a series of higher tops and bottoms

* Rising volumes at breakout zone implies increased participation 31 December,2021

* The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead. 

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

* The above analysis indicate downside of 700-730 levels.

Buy Narayana Hrudayalaya Limited Buy Range:650-638 CMP 651 Upside: 9% – 13% Stop loss: 615

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