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Reliance Industrial Infrastructure Limited

* On the weekly chart, the stock has decisively broken out its five months “triangular” formation on a closing basis

* This breakout is accompanied with huge volumes indicating increased participation on rally

* The stock was observed from its 20, 50 and 100 Day SMA support zone which reconfirm 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 850-885 levels

* Holding period is 3 to 4 weeks.

Buy Reliance Industrial Infrastructure Limited Buy Range: 776-761 CMP 777 Upside: 11%-15% Stop loss: 700

Indraprastha Gas Limited

* Since past 5-6 weeks, the stock hovering around its one year “Multiple Support Zone” of 470 levels

* With current close, the stock has sharply rebounded from this major support zone with rising volumes

* On the daily chart, the stock is well placed above its 20 and 50 day SMA and sustaining above the same which reconfirm bullish sentiments

* On the line chart, the stock has extended its up move forming a series of higher tops and bottoms

* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength.The above analysis indicate an upside of 527-535 levels.

* Holding period is 3 to 4 weeks

Buy Indraprastha Gas Limited Buy Range: 500-490 CMP 506 Upside: 6% -8% Stop loss: 478

Polyplex Corporation Limited

* Since Sep.21, the stock was observed “consolidation phase” in the range of 1900-1650 levels

* However with current week’s gain, the stock has broken out its consolidation at 1900 with huge volumes

* The stock is trending up forming a series of higher Tops and higher Bottoms representing sustained up trend

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

* The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports strength in near term

* The above analysis indicate an upside of 2385-2300 levels

* Holding period is 3 to 4 weeks

Buy Polyplex Corporation Limited Buy Range: 1885-1849 CMP 1915 Upside: 7% – 12% Stop loss: 1785

Poonawalla Fincorp Limited

* Since June’21, the stock was consolidating within broad range from 200-140 levels

* With current close, the stock has violated its major resistance zone of 200 levels on closing basis indicating further strength. Rising volumes at breakout zone implies increased participation.

* On the weekly chart, the stock is in strong up trend forming a series of higher tops and bottoms

* The stock is placed above its 20, 50 and 100 Day SMA which reconfirms bearish bias.

* The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength. The above analysis indicate an upside of 232-240 levels.

Buy Poonawalla Fincorp Limited Buy Range: 205-200 CMP 207 Upside: 15% – 19% Stop loss: 185

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