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Larsen & Toubro Ltd.

• L&T on the weekly time frame has decisively broken out above the “cup and handle” pattern as well as “multiple resistance zone” which was placed between 2100-2080 levels.

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

• 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 2330-2390 levels

• Holding period is 3 to 4 weeks.

Buy Larsen & Toubro Ltd.CMP: 2150 Buy Range: 2130-2087 Stop loss: 2000 Upside: 10% - 11%

Godrej Consumer Products Ltd

• GODREJCP on the weekly chart has decisively broken out above the “Symmetrical triangle” pattern which was in formation from Sep, 2021.

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

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

• 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 1010-1040 levels.

• Holding period is 3 to 4 weeks.

Buy Godrej Consumer Products Ltd CMP: 923 Buy Range: 912-894 Stop loss: 850 Upside: 12% –15%

Tube Investments of India Ltd.

• On the weekly time frame the stock has decisively broken out above the ‘”Consolidation” pattern. It was consolidating between 2975-2500 levels.

• 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 3270-3350 levels

• Holding period is 3 to 4 weeks

Buy Tube Investments of India Ltd.CMP: 3039 Buy Range: 3000-2940 Stop loss: 2820 Upside: 10%-13%

JK Lakshmi Cement Ltd

• JKLAKSHMI on the weekly time frame has decisively broken out above the “Multiple resistance zone” placed at 750-730 levels.

• .Stock also broken above horizontal resistance placed at 816 level.

• Stock is also respecting the upward sloping trendline and forming a higher high-low on weekly chart. This 9 December, 2022high-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 holding above its reference line which indicate positive momentum

• The above analysis indicates an upside of 925-950 levels.

• Holding period is 3 to 4 weeks

Buy JK Lakshmi Cement Ltd CMP: 842 Buy Range: 830-813 Stop loss: 770 Upside: 13%-16%

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