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ITC Limited

* On the weekly chart, the stock has rebounded from its earlier breakout zone of 220 levels which remains a crucial support zone

* The stock has recaptured its 20 and 50day SMA (232) which reconfirm bullish sentiments

* On the weekly and monthly chart, the stock continue to move in higher tops and higher bottoms formation indicating sustained up trend

* 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 250-261 levels

* Holding period is 3 to 4 weeks.

Buy ITC Limited Buy Range: 235-231 CMP 238 Upside: 7%-12% Stop loss: 225

BSE Limited

* On the weekly chart, the stock has decisively broken out its four monthly “Multiple Resistance” zone on a weekly closing basis

* 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 1710-1755 levels.

* Holding period is 3 to 4 weeks.

Buy BSE Limited Buy Range: 1600-1568 CMP 1621 Upside: 8% -11% Stop loss: 1510

Shipping Corporation Of India Limited

* Since past couple of months, the stock manage to hold its earlier breakout zone of 125-122 levels on a closing basis

* The stock is trending up forming a series of higher Tops and higher Bottoms representing strong up trend

* This buying momentum was observed from 20-day (132) and 50-day SMA (126) 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 150-157 levels

* Holding period is 3 to 4 weeks.

Buy Shipping Corporation Of India Limited Buy Range: 138-135 CMP 141 Upside: 10% – 15% Stop loss: 130

Birlasoft Limited

* On the weekly chart, the stock has witnessed strong breakout from its “Consolidation Zone” (455-380) on a closing basis

* Rising volumes at breakout zone implies increased participation

* On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms 

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

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

* The above analysis indicate an upside of 505-527 levels.

Buy Birlasoft Limited Buy Range: 464-456 CMP 468 Upside: 10% – 15% Stop loss: 435

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