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United Spirits Limited

* On the daily chart, the stock has witnessed a “Flag” continuation breakout around 840 levels indicating resumption of earlier up move

* The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments

* Rising volumes at breakout zone signals increased participation

* The stock is in up trend 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 910-945 levels

* Holding period is 3 to 4 weeks.

Buy United Spirits Limited Buy Range: 864-848 CMP: 864 Upside: 6%-10% Stop loss: 815

NTPC Limited

* On the weekly chart, the stock has decisively broken out its two years “Multiple Resistance” zone at 128 levels

* This breakout is accompanied with huge volumes indicating increased participation at breakout zone

* On the daily chart, the stock has well placed above its 20, 50 and 100 day SMA and sustaining above the same which reconfirm 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 147-155 levels.

* Holding period is 3 to 4 weeks.

Buy NTPC Limited Buy Range: 136-132 CMP: 140 Upside: 10% -16%, Stop loss: 128

Triveni Engineering & Industries Limited

* On the daily chart, the stock has witnessed “Triangular” formation breakout at 185 levels on a closing basis along with rising volumes.

* On the weekly chart, the stock has decisively broken out its past three months “Consolidation Range” (187- 160) on a weekly closing basis

* This buying momentum was observed from 20-day SMA (174) 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 207-216 levels

* Holding period is 3 to 4 weeks.

Buy Triveni Engineering & Industries Limited Buy Range: 190-186 CMP: 193 Upside: 10% – 15%, Stop loss: 177

Tata Motors Limited

* On the weekly chart, the stock has witnessed “Rounding Formation” breakout at 170 levels which represents resumption of earlier up move

* On the weekly time frame, the stock has surpassed its 8-9 months “Consolidation Zone” (170-120) on a closing basis indicating strong come back of bulls

* 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 200-210 levels

Buy Tata Motors Limited Buy Range: 180-176 CMP: 186 Upside: 12% – 18%, Stop loss: 167

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