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Sanghvi Movers Limited

• On the daily chart, the stock has witnessed “multiple resistance” breakout around 208 levels

• This breakout is accompanied with huge volumes indicating increased participation

• In addition, the stock has confirmed higher tops and bottoms

• The stock is well placed above its 20, 50 , 100 and 200 SMA which reconfirmed bullish trend

• The daily and weekly 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 232 - 242 levels.

• *Holding period is 3 to 4 weeks.

Buy Sanghvi Movers Limited Buy Range:212-207 CMP 216 Upside: 11% - 16% Stop loss: 198

Computer Age Management Services Limited

• On the weekly chart, the stock has observed eight months “down-sloping” trend line breakout at 2525 levels indicating trend reversal

• This buying momentum was accompanied with huge volumes indicating increased participation at lower levels 

• The stock is also well placed above 20, 50 and 100 day SMA which supports upside momentum

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

• The above analysis indicate upside of 2750-2880 levels.

• Holding period is 3 to 4 weeks.

Buy Computer Age Management Services Limited Buy Range: 2520-2470 CMP 2585 Upside: 10% – 15% Stop loss: 2350

Voltamp Transformers Limited

• On the weekly chart, the stock has confirmed “consolidation range” breakout indicating resumption of earlier uptrend

• This breakout is accompanied with huge volumes indicating increased participation on a breakout

• The stock is well placed above its 20, 10 June,202250, 100 and 200 day SMA which reconfirm bullish trend

• The weekly Bollinger band buy signal indicates increased momentum

• The daily, weekly and monthly strength indicator RSI continue to remain bullish which supports rising strength

• The above analysis indicate upside of 2600-2685 levels

Buy Voltamp Transformers Ltd Buy Range: 2430-2382 CMP 2419 Upside: 8% – 12% Stop loss: 2260

Bharat Electronics Limited

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

• This buying was accompanied with rising volumes indicating increased participation on every short term corrections

• The stock is sustaining above 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments

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

• The above analysis indicate upside of 260-275 levels.

• *Holding period is 3 to 4 weeks.

Buy Bharat Electronics Limited Buy Range: 246-241 CMP 246 Upside: 7% –13% Stop loss: 233

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