Weekly Tech Picks - Indiabulls Real Estate Ltd, Uttam Sugar Mills Ltd, Redington India Ltd, NBCC India Ltd By Axis Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/6dd81bea0773233c85253fd5a592e3b0.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indiabulls Real Estate Limited
* On the daily chart, the stock has observed trend reversal as it has confirmed “consolidation range” breakout on a closing basis
* This breakout is accompanied with rising volumes indicating increased participation at lower levels
* The stock is well placed above its 100 day SMA (158) 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 181-189 levels
* Holding period is 3 to 4 weeks.
Buy Indiabulls Real Estate Limited Buy Range: 166-163 CMP 167 Upside: 10%-15% Stop loss: 156
Uttam Sugar Mills Limited
* On the weekly chart, the stock has exactly rebounded from its earlier breakout zone of 160 levels indicating strong come back by bulls
* Price rise is accompanied with huge volumes indicating increased participation
* This buying was observed from 100 and 200 day SMA around 175 levels which remains a crucial support zone
* The daily and weekly “band Bollinger” buy signals indicate increased momentum
* 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 236-257 levels
* Holding period is 3 to 4 weeks.
Buy Uttam Sugar Mills Limited Buy Range: 208-204 CMP 216 Upside: 15% –25% Stop loss: 192
Redington (India) Limited
* On the weekly chart, the stock has witnessed “consolidation range” breakout at 158 levels indicating positive bias
* Rising volumes at breakout zone implies increased participation at breakout zone
* The daily and weekly “band Bollinger buy signals indicate increased momentum
* The stock is sustaining above its 20, 50 and 100 Day SMA (147) 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 185-195 levels
Buy Redington India Limited Buy Range: : 162-158 CMP 163 Upside: 16% –22% Stop loss: 147
NBCC (India) Limited
* With current close the stock has confirmed the “triangular” pattern breakout on a closing basis
* Rising volumes at breakout zone implies increased participation
* The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead.
* The daily and weekly “Band Bollinger” buy signals indicate increased momentum
* 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 55-60 levels.
Buy NBCC India Limited Buy Range: : 48-46 CMP 50 Upside: 17% – 28% Stop loss: 43
To Read Complete Report & Disclaimer Click Here
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/ShaktikantDas080324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Realestate04.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Maruti Suzuki 25.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arpit Mehrotra, Managing Director, Office services, India, Colliers.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/defence-ministry.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/CEAT Ltd 12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/UPI_12Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PcFirm.jpg)