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Housing Development Finance Corporation

* On the daily chart, the stock has broken out from a “Rounding formation” at 2850 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 (2775) 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 3100-3200 levels

* Holding period is 3 to 4 weeks.

Buy Housing Development Finance Corporation Limited Buy Range: 2900-2870 CMP 2907 Upside: 7%-10% Stop loss: 2850

RITES Limited

* On the daily chart, the stock has witnessed “Multiple Resistance” breakout at 300 levels

* Rising volumes at breakout zone implies increased participation on short term corrections

* The stock is well placed above its 20, 50 and 100 Day SMA which reconfirms upside momentum

* The weekly Band-Bollinger buy signals increased volatility along with rising prices

* 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 350-380 levels

* Holding period is 3 to 4 weeks.

Buy RITES Limited Buy Range: 312-310 CMP: 314 Upside: 0% -18% Stop loss: 295

Sterlite Technologies Limited​​​​​​​

* On the daily chart, the stock has witnessed “Symmetrical Triangle” breakout at 290 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 (282) 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 330-345 levels

* Holding period is 3 to 4 weeks.

Buy Sterlite Technologies Ltd Buy Range: 300-295 CMP: 302 Upside: 10% – 15% Stop loss: 280

Triveni Turbine Limited​​​​​​​

* On the daily chart, the stock has witnessed “Flag” breakout at 168 levels

* Rising volumes at breakout zone implies increased participation on short term corrections

* The stock is well placed above its 20, 50 and 100 Day SMA which reconfirms upside momentum

* The weekly Band-Bollinger buy signals increased volatility along with rising prices

* 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 200-220 levels

Buy Triveni Turbine Limited Buy Range: 177-175 CMP: 178 Upside: 12% – 15% Stop loss: 165

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