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TVS Motor Company Limited

* On the daily chart, the stock has formed an “inverse head and shoulder” indicating a short term trend reversal

* 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 765-790 levels.

* Holding period is 3 to 4 weeks.

Buy TVS Motor Company Limited Buy Range: 715-701 CMP 725 Upside: 8% - 12% Stop loss: 680

HDFC Life Insurance Company Limited

* On the daily chart, the stock has confirmed higher tops and bottoms indicating shift of trend

* This formation has confirmed “multiple resistance ” breakout around 580 levels . This buying momentum was observed from its 50-day SMA and rebounded very sharply

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

* Rising volumes on a rally implies increased participation on a rally

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

* The above analysis indicate upside of 635-655levels.

* Holding period is 3 to 4 week

Buy HDFC Life Insurance Company Ltd Buy Range: 592-582 CMP 598 Upside: 8% – 12% Stop loss: 555

Voltamp Transformers Limited

* On the weekly chart, the stock has confirmed “down-sloping channel” formation 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, 50, 100 and 200 day SMA which reconfirm bullish trend

* The daily and 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 2290-2380 levels.

Buy Voltamp Transformers Ltd Buy Range: 2105-2065 CMP 2115 Upside: 10% – 14% Stop loss: 1955

HDFC Bank Limited

* On the weekly chart, the stock has rebounded very sharply from its past one year multiple support zone of 1300- 1280 levels indicating strong come of bulls

* This buying was accompanied with rising volumes indicating increased participation near support zone

* The stock is sustaining above 20 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 1460-1510 levels.

* Holding period is 3 to 4 weeks

Buy HDFC Bank Ltd Buy Range: 1390-1364 CMP 1393 Upside: 6% –10% Stop loss: 1320

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