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Sundram Fasteners Limited

* On the weekly chart, the stock has witnessed a strong breakout from “Triangular” pattern around 860 levels indicating resumption of the uptrend

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

* Huge volumes at breakout zone signals increased participation

* 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 950-985 levels

* Holding period is 3 to 4 weeks.

Buy Sundram Fasteners Limited Buy Range: 895-877 CMP: 900 Upside: : 7%-11%, Stop loss: 850

Marico Limited

* On the daily chart, the stock has rebounded sharply from its earlier breakout zone of 550 levels indicating string come back of bulls

* On the weekly chart, two months multiple resistance breakout was observed 552 levels along with huge volumes.The stock is trending higher across all the time framed indicating sustained up trend

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

* The daily and weekly strength indicator RSI is placed above 50 mark which supports rising strength. The above analysis indicate an upside of 610-625 levels.

* Holding period is 3 to 4 weeks.

Buy Marico Limited Buy Range: 575-565 CMP: 575 Upside: : 7% -10%, Stop loss: 550

Vinati Organics Limited

* On the weekly chart, the stock has witnessed “Down-Sloping Channel” breakout at 1900 levels on a closing basis along with rising volumes.

* On the weekly chart, this buying momentum was observed from its eight months Up-sloping Trend line support zone of 1780 levels

* The stock is well placed above its 20 and 50 day SMA which reconfirms bullish sentiments

* 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 2085-2130 levels

* Holding period is 3 to 4 weeks.

Buy Vinati Organics Limited Buy Range: 1940-1902 CMP: 1966 Upside: : 9% – 11%, Stop loss: 1840

Bharti Airtel Limited

.* On the weekly chart, the stock has witnessed “Rounding Bottom” breakout at 640 levels on a closing basis along with rising volumes.

* The stock continue to form a series of higher Tops and higher Bottoms which signals strong up trend across all the time frames

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

* The 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 730-755 levels

Buy Bharti Airtel Limited Buy Range: 685-673 CMP: 685 Upside: : 8% – 11%, Stop loss: 650

ICICI Lombard General Insurance Company Limited​​​​​​​

* On the weekly chart, the stock has witnessed “Multiple Resistance” breakout at 1600 levels on a closing basis along with rising volumes.

* On the weekly chart, 6-8 months Triangular pattern breakout was also occurred around 1600 levels

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

* The daily 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 1700-1755 levels

Buy ICICI Lombard General Insurance Company Limited Buy Range: 1622-1589 CMP: 1622 Upside: : 6% – 9%, Stop loss: 1559

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