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Tata Communications Limited

* On the daily chart, the stock has bounced back sharply from its previous breakout zone of 1200 levels which remains a positive sign

* The stock has also recaptured its 200 day EMA (1244) which remains a crucial support zone

* This buying was observed with huge volume spurt which reconfirm our positive bias

* The daily 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 1360-1410 levels 

* Holding period is 3 to 4 weeks.

Buy Tata Communications Limited Buy Range: 1280-1256 CMP 1292 Upside: 7%-11% Stop loss: 1200

Aegis Logistics Limited

* After stiff downtrend, the stock has observed a strong trend reversal on a daily chart

* With current close, the stock has decisively broken out its four months “Down-Sloping Channel’ breakout on a closing basis.

* This buying was observed with huge volumes which signals increased participation at lower levels

* 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.

* The daily and weekly strength indicator RSI is in bullish mode which supports rising strength. The above analysis indicate an upside of 240-251 levels.

* Holding period is 3 to 4 weeks.

Buy Aegis Logistics Limited Buy Range: 224-220 CMP 228 Upside: 8% -13% Stop loss: 210

Piramal Enterprises Limited​​​​​​​

* Since Aug.21, the stock was observed “distribution phase” in the range of 2900-3000 levels

* However with Friday’s 6% loss , the stock has decisively broken down its “Multiple Support Zone” of 2530 on a closing basis

* The stock is trending down forming a series of lower Tops and lower Bottoms representing down trend

* This selling pressure was observed from 20, 50 and 100-day SMA which reconfirms bearish sentiments

* The daily and weekly strength indicator RSI is in bearish mode along with negative crossover which supports weakness in near term

* The above analysis indicate a downside of 2385-2300 levels

* Holding period is 3 to 4 weeks.

Buy Piramal Enterprises Limited Buy Range: 2483-2530 CMP 2483 Upside: 5% – 8% Stop loss: 2640

JSW Steel Limited​​​​​​​

* Since April’21, the stock was facing supply pressure around 700-750 levels representing distribution phase at higher levels. 

* With current close, the stock has violated its major support zone of 650 levels on closing basis indicating further weakness .Rising volumes at breakdown zone implies profit booking at current levels

* On the daily chart, the stock has entered in down trend as it formed lower tops and bottoms formation

* The stock is placed below 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 a downside of 613-590 levels.

Buy JSW Steel Limited Buy Range: 640-652 CMP 631 Upside: 5% – 9% Stop loss: 673

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