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Ashok Leyland Ltd.

• ASHOKLEY on the weekly chart has decisively broken out above the “Descending Triangular” pattern at 150 level with strong bullish candle indicating positive bias.

• The breakout is accompanied with an increase in volume confirming participation at breakout level 19 May, 2023

• Stock holds above 50% Fibonacci Retracement of a rally from 93-129 placed at 131 forming a medium term support zone.

• The weekly strength indicator RSI is holding above its reference line indicates positive momentum.

• The above analysis indicates an upside of 164 -171 levels. *Holding period is 3 to 4 weeks.

Buy Ashok Leyland Ltd. CMP: 154 Buy Range: 153-150 Stop loss: 145 Upside: 8% – 13%

Birlasoft Ltd

• BSOFT on the weekly chart has decisively broken out above the “Double Bottom” pattern at 330, with an increase in volume,

• Stock holds above 61.8% Fibonacci Retracement of a rally from 47-585 placed at 250 forming a medium term support zone. 19 May, 2023

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

• The weekly strength indicator RSI is in bullish mode and weekly RSI crossover above its reference line generated a buy signal.

• The above analysis indicates an upside of 360-375 levels.

Buy Birlasoft Ltd CMP: 333 Buy Range: 325-319 Stop loss: 303 Upside: 12% –16%

DLF Ltd.?????

• DLF on the weekly chart has decisively broken out above the medium term “Multi-Year High” at 452 with bullish candle strong indicating an uptrend.

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

• Stock is well placed above 20, 50, 100 19 May, 2023• Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum.

• The weekly strength indicator RSI is holding above its reference line indicates positive momentum.

• The above analysis indicates an upside of 510-530 levels. *Holding period is 3 to 4 weeks.

Buy DLF Ltd.? CMP: 472 Buy Range: 466-458 Stop loss: 438 Upside: 10% –15%

Bharti Airtel Ltd

• BHARTIARTL on the weekly chart broken out above medium term “Consolidation Zone” between 800-740 levels and starts showing a sign of reversal after forming a base at 740.

• Stock holds above 50% Fibonacci Retracement of a rally from 628-860 placed at 745 forming a medium term 19 May, 2023support zone.

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

• The weekly strength indicator RSI is holding above its reference line indicates positive momentum.

• The above analysis indicates an upside of 849-872 levels. *Holding period is 3 to 4 weeks.

Buy Bharti Airtel Ltd? CMP: 804 Buy Range: 804-788 Stop loss: 772 Upside: 7% – 10%

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