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HDFC Life Insurance Company Ltd.

• HDFCLIFE Ltd. on the weekly chart has decisively broken out above the “Symmetrical Triangular pattern” with strong bullish candle.

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

• Stock is forming a higher high-low on 6 January, 2023• Stock is forming a higher high-low on the daily chart. This formation indicates a positive uptrend.

• The weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line and 50 level mark which indicates positive momentum.

• The above analysis indicates an upside of 652-675 levels. *Holding period is 3 to 4 weeks

Buy HDFC Life Insurance Company Ltd CMP:611 Buy Range: 595-583 Stop loss: 558 Upside: 11% –15%

Power Finance Corporation Ltd

• PFC on the weekly chart has decisively broken out above the “Cup and Handle pattern”. The breakout for the same was place at 148..

• Stock had also broken out above the “Multiple resistance zone” placed between 154-152 levels.

• Stock is well placed above 20, 50, 100 6 January, 2023• 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 168-172 levels.

• Holding period is 3 to 4 weeks

Buy Power Finance Corporation Ltd CMP: 156 Buy Range: 152-149 Stop loss: 142 Upside: 12% –14%

Balkrishna industries Ltd

• BALKRISIND on the weekly chart has decisively broken out above the “Symmetrical Triangular pattern”.

• 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 6 January, 2023and 200 key averages indicating positive momentum.

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

• The above analysis indicates an upside of 2400-2450 levels.

• Holding period is 3 to 4 weeks.

Buy Balkrishna industries Ltd CMP: 2208 Buy Range: 2180-2136 Stop loss: 2040 Upside: 11% –14%

H G Infra Engineering Ltd

• HGINFRA on the weekly chart has decisively broken out above the “Consolidation zone” placed between 655-508.

• Stock is holding above 50% Fibonacci retracement of a rally 126-830 which is placed at 478 forming a medium term support zone. 6 January, 2023

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

• The weekly strength indicator RSI is in bullish mode above its reference line. RSI was also consolidating between a range and broken out of range.

• The above analysis indicates an upside of 726-750 levels.

• Holding period is 3 to 4 weeks.

Buy H G Infra Engineering Ltd CMP: 671 Buy Range: 655-641 Stop loss: 610 Upside: 12% –16%

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