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InterGlobe Aviation Limited

* On the weekly chart, the stock has revisited its Sep’21 breakout zone of 1900-1880 levels and rebounded sharply

* On the monthly chart, the stock has also decisively broken out its two years “Multiple Resistance Zone” of 1900 on a closing basis indicating strength on a long term charts

* The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments

* 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 2260-2350 levels

* Holding period is 3 to 4 weeks.

Buy InterGlobe Aviation Limited Buy Range: 2069-2029 CMP 2069 Upside: 10%-15% Stop loss: 1929

Coal India Limited

* On the is in strong up trend across all the time frames forming a series of higher tops and higher bottoms formation on weekly and monthly charts

* However with past couple of weeks profit booking at higher levels signals buying opportunity near support 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 weekly and monthly strength indicator RSI is placed above 50 mark which supports rising strength.

* The above analysis indicate an upside of 195-210 levels.

* Holding period is 3 to 4 weeks.

Buy Coal India Limited Buy Range: 180-176 CMP: 185 Upside: 10% -18% Stop loss: 170

Bajaj Auto Limited

* On the daily chart, the stock has witnessed “Rounding Bottom” formation breakout at 3940 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 (3848) 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 4200-4320 levels

* Holding period is 3 to 4 weeks

Buy Bajaj Auto Limited Buy Range: 3960-3880 CMP: 3962 Upside: 7% – 10% Stop loss: 3760

State Bank of India Ltd

* On the daily chart, the stock has witnessed “Multiple Resistance” breakout at 472 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 518-537 levels

Buy State Bank of India Limited Buy Range: 482-474 CMP: 489 Upside: 8% – 12% Stop loss: 458

Indiabulls Real Estate Limited

* On the daily chart, the stock has witnessed “Multiple Resistance Zone” breakout at 159 levels indicating strong come back of bulls

* On the daily chart, the stock has also witnessed an “Consolidation Range” (160-130) breakout.

* This breakout is accompanied with huge volumes indicating increased participation 

* This buying momentum was observed from its 20-day SMA support zone (148) which remains a crucial support zone

* 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 185-195 levels

Buy Indiabulls Real Estate Limited Buy Range: 164-160 CMP: 164 Upside: 14% – 20% Stop loss: 151

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