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Jindal Stainless (Hisar) Limited

* On the daily chart, the stock has bounced from an uptrend support line and has also broken out from a long term “Consolidation Range” (220-230) which signals resumption of the uptrend

* Huge volumes on the breakout , signals increased participation near breakout zone

* The stock is strong uptrend as it is continue to form a series of higher Tops and higher Bottom formation across all the time frames

* The stock is also well placed above its 20, 50 and 100 Day SMA which reconfirm bullish trend.

* The daily and weekly strength indicator RSI is in overbought zone which supports rising strength. The above analysis indicate an upside of 310-320 levels.

* Holding period is 3 to 4 weeks

Buy Jindal Stainless (Hisar) Limited Buy Range: 270-265 CMP:272 Upside: 15% -20% Stop loss: 250

Intellect Design Arena Limited

* On the daily chart, the stock has broken out from a “Consolidation Range” of (700–800) which signals that the bullish momentum has started.

* This buying momentum also emerged from its 50-day SMA support zone which reconfirm bullish sentiments

* Rising volumes around multiple support zone signals increased participation on correction

* The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiment.

* 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 940-960 levels

* Holding period is 3 to 4 weeks.

Buy Intellect Design Arena Limited Buy Range: 850-840 CMP:852 Upside: 10%-12% Stop loss: 800

Gujarat Industries Power Company Limited

* With current close, the stock has broken out its “Consolidation Range” pattern at 91 levels on a closing basis along with rising volumes.

* On the daily and weekly chart, the stock continue to scale upward forming higher Top and higher Bottom formation indicating sustained uptrend
* This buying momentum was observed from its 20-day SMA support zone (87) which remains a crucial level to watch for

* 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 115-120 levels.

* Holding period is 3 to 4 weeks.

Buy Gujarat Industries Power Company Limited Buy Range: 98-95 CMP:99 Upside: 15% – 20% Stop loss: 90

Laxmi Organic Industries Limited

* The stock has managed to give a “Flag Breakout” from the 260 levels indicating resumption of previous uptrend.

* With current weekly close, the stock has surpassed its previous three weeks high’s which signals increased strength

* On the daily chart, 20-day and 200-day SMA golden crossover supports bullish sentiments

* On the weekly chart, the stock continue to scale upward forming higher Tops and Bottoms.

* The weekly momentum indicator Stochastic has turned bullish along with positive crossover which supports increased momentum

* The above analysis indicate an upside of 300-310 levels

* Holding period is 3 to 4 weeks.

Buy Laxmi Organic Industries Limited Buy Range: 270-265 CMP:273 Upside: 10% – 15% Stop loss: 260

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