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United Spirits Limited

• On the daily chart, the stock has witnessed “down sloping channel” breakout around 780 levels on a closing basis

• This breakout is accompanied with huge volumes indicating increased participation

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

• The stock is well placed above its 20, day 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 824-870 levels.

• *Holding period is 3 to 4 weeks.

• *Holding period is 3 to 4 weeks.

Buy United Spirits Limited CMP: 787 Buy Range: 787-772 Stop loss: 740 Upside: 6% - 12%

ITC Limited

• On the daily chart, the stock has observed couple of months “multiple resistance” breakout at 280 levels indicating continuation of earlier up trend

• This buying momentum was accompanied with huge volumes indicating increased participation at breakout level

• The daily “band Bollinger” buy signal indicate increased momentum

• The stock is also well placed above 20, 50, 100 and 200 day SMA which reconfirm bullish trend

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

• The above analysis indicate upside of 296-313 levels.

*Holding period is 3 to 4 weeks.

Buy ITC Limited CMP: 285 Buy Range: 282-277 Stop loss: 269 Upside: 6% – 12%

The Federal Bank Limited

• On the daily chart, the stock has confirmed “multiple resistance” breakout around 93 levels on a closing basis

• In addition, past three months “downsloping” trend line resistance indicate trend reversal

• The stock has recaptured its 20, 50, 100 and 200 day SMA’s and sustaining 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments

• Rising volumes at breakout zone indicates increased participation

• The daily “band Bollinger” buy signal shows increased momentum

• The daily and weekly strength indicator RSI continue to remain bullish which signals sustained and rising strength

• The above analysis indicate upside of 101-105 levels.

Buy The Federal Bank Limited  CMP: 94 Buy Range: 94-92 Stop loss: 89 Upside: 9% – 13%

UltraTech Cement Limited

• On the daily chart, the stock has confirmed three months “down-sloping” trend line breakout at 5600 levels on a closing basis indicating a sign of a short term trend reversal

• This breakout is accompanied with rising volumes indicating increased participation

• The stock is sustaining above its 20, day SMA which reconfirm bullish sentiments

• The daily and weekly strength indicator RSI is in bullish mode which supports rising strength

• The above analysis indicate upside of 6000-6130 levels.

• *Holding period is 3 to 4 weeks.

Buy UltraTech Cement Limited CMP: 5690 Buy Range: 5690-5590 Stop loss: 5460 Upside: 6% –9%

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