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UltraTech Cement Ltd

• The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias

• The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments.

• The stock has rebounded sharply from its earlier breakout zone of 6900 levels which remains a crucial support zone

• The daily and weekly strength indicator RSI is above its reference line indicating positive bias.

• The above analysis indicate upside of 7758-8020 levels.

• Holding period is 3 to 4 weeks.

Buy UltraTech Cement Ltd CMP: 7250 Buy Range: 7250-7106 Stop loss:6888 Upside: 8% – 12%

Indian Oil Corporation Ltd

• On the weekly time frame the stock has confirmed “Rounding Bottom” breakout at 80 levels. This breakout is accompanied with huge volumes which signals increased participation

• The stock is well placed above 20, 50, 100 and 200 day SMA’s which reconfirms bullish trend

• The weekly band Bollinger buy signal indicate increased momentum.

• The daily , weekly and monthly strength indicator RSI is in bullish mode and sustaining above 50 mark indicating sustained strength

• The above analysis indicates an upside of 90-94 levels.

Buy Indian Oil Corporation Ltd CMP: 82 Buy Range: 82-78 Stop loss: 75 Upside: 13% - 18%

NMDC Ltd

• On the daily chart, the stock has confirmed “multiple resistance” zone of 127 along with huge volumes

• This breakout is accompanied with rising volume indicating increased participation

• The stock is trading above 20, 50, 100 and 200 SMA indicating positive trend and bullish sentiment on a stock.

• The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above EMA which generated a buy signal.

• The above analysis indicates upside of 144-150 levels.

• Holding period is 3 to 4 weeks.

Buy NMDC Ltd CMP: 131 Buy Range: 130-126 Stop loss: 120 Upside: 13% –17%

Nelcast Ltd

• The stock is in strong uptrend across all the time frames forming a series of higher tops and bottoms indicating bullish sentiments

• On the weekly chart, the stock has confirmed “multiple resistance” zone of 102 levels. This breakout is accompanied with rising volume indicating increased participation

• The stock is well placed above its 20,50,100 and 200 Day SMA’s which reconfirm bullish sentiments

• The daily, weekly and monthly strength indicator RSI is in positive terrain and sustaining above 9EMA mark indicating positive momentum.

• The above analysis indicates upside of 141-150 levels.

• Holding period is 3 to 4 weeks.

Buy Nelcast Ltd CMP: 127 Buy Range: 123-119 Stop loss: 111 Upside: 17%-24%

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