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Jindal Steel & Power Limited

• On the weekly chart, the stock has confirmed “rounding formation” pattern on a weekly closing basis. Rising volumes on breakout indicate rising volumes

• This buying momentum was observed from 100 and 200-day SMA and rebounded sharply Jindal Steel & Power Limited Weekly Tech Picks 25 March,2022

• The stock is well placed above its 20, 50, 100 and 200 day SMA which reconfirms bullish sentiments

• The weekly “band bollinger” buy signal reconfirm positive bias

• The daily 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 565-590 levels.*Holding period is 3 to 4 weeks.

Buy Jindal Steel & Power Limited  Buy Range: : 520-510 CMP 531 Upside: : 10% - 15% Stop loss: 480

Aurobindo Pharma Limited

• On the daily chart, the stock has confirmed “W” – double bottom formation on a closing basis indicating strong come back of bulls

• The stock has recaptured its 20 , 50 and 100 day SMA and rebounded very sharply

• Huge volumes near support zone 25 March,2022implies increased participation at lower levels

• The daily “band bollinger” buy signal reconfirm positive bias

• The daily and weekly strength indicator RSI signals positive crossover indicate rising strength

• The above analysis indicate upside of 765-785 levels. *Holding period is 3 to 4 weeks.

Buy Aurobindo Pharma Limited Buy Range: : 705-690 CMP 719 Upside:10% – 13% Stop loss: 665

The Indian Hotels Company Limited

• On the weekly chart, the stock has witnessed a strong breakout from its six months “triangular” formation indicating resumption of its earlier up trend

• The stock has recaptured its 20, 50 and 100 day SMA and rebounded very sharply

• Huge volumes near breakout zone 25 March,2022implies increased participation

• The daily and weekly “band bollinger” buy signal reconfirm positive bias

• The daily and weekly strength indicator RSI signals positive crossover indicate rising strength

• The above analysis indicate upside of 250-262 levels.

• *Holding period is 3 to 4 weeks.

Buy The Indian Hotels Company Limited​​​​​​​ Buy Range: : 225-220 CMP 227 Upside:10% – 14% Stop loss: 208

Adani Enterprises Limited

• On the daily chart, the stock trending forming higher tops and bottoms

• It has also confirmed “ down-sloping” trend line breakout indicating change of trend to the upside

• The stock has recaptured its 20, 50, and 100 day SMA and rebounded very sharply 25 March,2022

• Rising volumes around consolidation zone implies increased participation

• The daily and weekly strength indicator RSI signals positive crossover indicate rising strength

• The above analysis indicate upside of 2030-2100 levels.

• *Holding period is 3 to 4 weeks

BuyAdani Enterprises Limited Buy Range: 225-220 CMP 227 Upside: 10% – 14% Stop loss:208

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