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APL Apollo Tubes Ltd.

• APL Apollo Tubes Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 1150-1177 levels.

• Stock is also respecting the upward sloping trendline and forming a higher high-low on weekly chart. This formation indicates a positive uptrend..

• The breakout is accompanied with an increase in volume confirming participation at breakout level.

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above its reference line which had generated a buy signal

• The above analysis indicates an upside of 1303-1350 levels.

• Holding period is 3 to 4 weeks.

Buy APL Apollo Tubes Ltd.CMP: 1187 Buy Range: 1187-1165 Stop loss: 1113 Upside: 11% - 15%

L&T Finance Holdings Ltd

• L&TFH Ltd, on the weekly chart has decisively broken out above the “Symmetrical triangle” pattern which was in formation from Nov, 2021.

• This breakout is accompanied with rising volume, which normally dried up during the consolidation pattern formation.

• The weekly “Bollinger band” generated a buy signal as stock closed above the upper Bollinger Band

• The weekly strength indicator RSI is holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 100-110 levels

•  Holding period is 3 to 4 weeks.

Buy L&T Finance Holdings Ltd CMP: 91 Buy Range: 91-88 Stop loss: 85 Upside: 12% –23%

Coforge Ltd

• On the weekly time frame the stock has decisively broken out above the ‘”Double Bottom” pattern. It forms a similar bottoms is around 3200 levels. Neckline for the same was placed at 4060 level.

• The breakout is accompanied with an increase in volume confirming participation at breakout level.

• Stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum

• The weekly strength indicator RSI is holding above a reading of 50 mark and its reference line indicates positive momentum.

• The above analysis indicates an upside of 4625-4800 levels.

• Holding period is 3 to 4 weeks.

Buy Coforge Ltd CMP: 4250 Buy Range: 4250-4166 Stop loss: 4000 Upside: 10%-14%

Dalmia Bharat Ltd

• DALBHARAT on weekly time frame has decisively broken out above the “Multiple resistance zone” placed at 1800-1760 levels.

• .Stock also broken above medium term downward sloping trendline indicating change of trend.

• Stock retrace 50% Fibonnacci retracement of a rally from 1212-1794 2 December, 2022retracement of a rally from 1212-1794 placed at 1510. It start bouncing back from 1510 forming a short term base

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum

• The above analysis indicates an upside of 2113-2230 levels

•  Holding period is 3 to 4 weeks.

Buy Dalmia Bharat Ltd CMP: 1936 Buy Range: 1910-1872 Stop loss: 1780 Upside: 12%-18%

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