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Cholamandalam Investment and Finance Co. Ltd.

• CHOLAFIN on the weekly chart has decisively broken out above the “Falling channel” with strong bullish candle.

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

• Stock is holding above 50% Fibonacci 3 February, 2023• Stock is holding above 50% Fibonacci retracement of a rally 469-818 which is placed at 644 forming a medium term support zone.

• 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 845 - 885 levels.

• Holding period is 3 to 4 weeks.

Buy Cholamandalam Investment and Finance Co. Ltd CMP: 781 Buy Range: 775-761 Stop loss: 730 Upside: 10% –15%

KPIT Technologies Ltd.

• KPITTECH on the weekly chart has decisively broken out above the “Cup and Handle” pattern above 760 level.

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

• Stock is well placed above 20, 50, 100 3 February, 2023• Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum.

• 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 860 - 900 levels.

• Holding period is 3 to 4 weeks.

Buy KPIT Technologies Ltd CMP: 776 Buy Range: 770-756 Stop loss: 715 Upside: 13% –18%

Ashok Leyland Ltd.

• ASHOKLEY on the weekly chart has decisively broken out above the “consolidation zone” between 152-137 range.

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

• Stock is holding above 38% Fibonacci retracement of a rally 493-168 which is 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 167 -173 levels.

• Holding period is 3 to 4 weeks.

Buy Ashok Leyland Ltd CMP: 154 Buy Range: 153-149 Stop loss: 143 Upside: 11% –15%

Supreme Industries Ltd

• SUPREMEIND on the weekly chart has decisively broken out above the “Cup and Handle” pattern above 2600 level.

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

• Stock is forming a higher high-low on 3 February, 2023

• Stock is forming a higher high-low on the weekly chart. This formation indicates a positive uptrend.

• The weekly strength indicator RSI is holding above 50 mark and also above its reference line indicates positive momentum in the stock.

• The above analysis indicates an upside of 2950 - 3030 levels.

• Holding period is 3 to 4 weeks.

Buy Supreme Industries Ltd CMP: 2646 Buy Range: 2645-2593 Stop loss: 2453 Upside: 13%–16%

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