IGI Logo

Larsen & Toubro Infotech Limited

* On the weekly chart, the stock has witnessed 6-8 months “Consolidation Range” breakout at 4500 levels.

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

* Rising volumes at breakout zone signals increased participation on 06 August, 2021 *Holding period is 3 to 4 weeks. correction

* The stock is in strong up trend across all the time frames forming a series of higher tops and bottoms.

* 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 5000-5130 levels.

* Holding period is 3 to 4 weeks.

Buy Larsen & Toubro Infotech Limited Buy Range: 4700-4606, CMP: 4,765 Upside: 7%-10%, Stop loss: 4450

Adani Enterprises Limited

* On the daily chart, the stock has witnessed Multiple Resistance breakout around 1470 levels which signals strong comeback of bulls 

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

* The stock is strong uptrend as it is Adani Enterprises Limited Weekly Tech Picks 06 August, 2021 continue to form a series of higher Tops and higher Bottom formation on weekly and monthly chart

* 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 placed above 50 mark which supports rising strength. The above analysis indicate an upside of 1600- 1650 levels.

* Holding period is 3 to 4 weeks.

Buy Adani Enterprises Limited Buy Range: 1500-1470 CMP: 1,539 Upside: 8% -11% Stop loss: 1422

Solara Active Pharma Sciences Limited

* On the weekly chart, the stock has witnessed “Flag” formation breakout at 1750 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

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

* 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 1900-1985 levels *Holding period is 3 to 4 weeks.

Buy Solara Active Pharma Sciences Limited Buy Range: 1783-1749 CMP: 1,784 Upside: 8% – 12% Stop loss: 1643

Piramal Enterprises Limited

* On the weekly chart, the stock has witnessed “Flag” formation breakout at 2400 levels on a closing basis along with rising volumes.

* On the weekly and monthly chart, the stock continue to form a series of higher Tops and higher Bottoms which signals strong up trend

* This buying was observed from its 20 day SMA (2308) support zone which remains a crucial level to watch for

* The daily and weekly Bollinger Band buy signal also reconfirmed rising momentum

* 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 2775-2850 levels.

Buy Piramal Enterprises Limited Buy Range: 2600-2548 CMP: 2,669 Upside: 8% – 11% Stop loss: : 2445

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