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Housing Development Finance Corporation Limited

• The stock has witnessed strong rebound from its one year “multiple support” zone of 2370 levels which remains a crucial support zone

• The weekly price action has formed a “hammer” candlestick pattern which is a short term trend reversal pattern . Hence any follow up close above 2451 levels will confirm the pattern Housing Development Finance Corporation LimitedWeekly Tech Picks 18 February,2022levels will confirm the pattern

• Rising volumes since past couple of weeks signals increased participation

• The daily 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 2500-2575 levels

• *Holding period is 3 to 4 weeks.

 Housing Development Finance Corporation Ltd Buy Range: 2410-2362 CMP 2437 Upside: 5% - 8% Stop loss: 2330

Hero MotoCorp Limited

• Since past couple of months, the stock has witnessed strong buying momentum from lower levels.

• With current close, the stock has formed an “inverse head and shoulder” pattern with neck line of 2800 levels

• Past couple of weeks rising volumes implies increased participation 18 February,2022

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

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

• The above analysis indicate upside of 2880-2960 levels.

Hero MotoCorp Ltd Buy Range: 2740-2686 CMP 2775 Upside: 6% – 9% Stop loss: 2630

JK Cement Limited (Feb. Futures)

• Since past 6-8 months the stock was in “distributional phase” of 3700-3000 levels , however with current week’s down move the stock has decisively broken-down its major support zone of 3000 levels on a closing basis

• High volumes at breakdown zone implies rising weakness 18 February,2022• The stock is sustaining below its 20, 50, 100 and 200 Day SMA which reconfirms bearish sentiments ahead.

• The daily , weekly and monthly strength indicator RSI is in bearish mode along with negative crossover which supports weakness in the near term • The above analysis indicate a downside of 2860-2770 levels.

JK Cement Ltd (Feb. Futures) Sell Range: 2980-3040 CMP 2969 Upside: 5% –8% Stop loss: 3085

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