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ABB Ltd

The stock has been in a strong uptrend and since the last three months has been in consolidation near the significant 50EMA zone of 7800 levels maintaining the trend with recently indicating a decent pullback from 7750 levels to improve the bias and has confirmed a breakout above the resistance zone of 8300 to further strengthen the trend. With the RSI on the rise indicating strength, we anticipate further rise and suggest to buy the stock for an upside positional target of 12300 keeping the stop loss of 7350 level.

Buy ABB Ltd CMP 8,750SL 7,350 Target 12,300

Bharat Electronics Ltd

The stock has witnessed a decent erosion since the last three months from the peak zone of 340 to take support near the 265 zone to form a double bottom formation on the daily chart and indicated a pullback to improve the bias. A decisive move past the significant 50EMA zone at 290 shall further strengthen the trend to anticipate for further rise. The RSI is well placed at current rate and with much upside potential visible from current rate, the chart is technically looking very attractive, and we suggest buying the stock for an upside positional target of 426 keeping the stop loss at 240 leve

Buy Bharat Electronics Ltd CMP 284 SL 240 Target 426

Bharat Heavy Electricals Ltd

The stock after sliding down from the peak zone of 335 levels, has been hovering around the 260-270 band for quite some time which is near the important 200 period MA zone and recently, once again has witnessed a short period of correction from 290 zone to take support near the strong base at around 250-254 levels and has indicated a revival with a pullback to improve the bias. The RSI has indicated a positive trend reversal to signal a buy and can carry on with the positive move further ahead with much upside potential visible from current rate. With the chart technically well placed, we suggest to buy the stock for an upside positional target of 390 keeping the stop loss of 215 level.

Buy Bharat Heavy Electricals Ltd CMP 254 SL 215 Target 390

Coal India Ltd

The stock after the short period of correction from 544 levels has been in consolidation for some time near the 485 zone with support maintained near 475 level and currently with a positive candle formation on the daily chart is just on the verge of moving past the confluence of significant 50EMA and 100 period MA zone of 501 level to improve the bias and is anticipating for further rise in the coming days. The RSI is currently well placed indicating a positive trend reversal to signal a buy and with immense upside potential visible from current rate, the chart looks technically attractive. We suggest to buy the stock for an upside target of 690 keeping the stop loss of 415 level.

Buy Coal India Ltd CMP 490 SL 415 Target 690

Exide Industries Ltd

The stock has witnessed a gradual slide from the peak zone of 585 levels and recently after a short consolidation period has indicated a strong bullish candle formation on the daily chart moving past the significant 50EMA zone at 492 levels to improve the bias anticipating for further rise. The RSI has witnessed a spike after a long time indicating a positive trend reversal to signal a buy. With the chart technically looking good, we suggest to buy the stock for an upside positional target of 740 keeping the stop loss of 425 level.

Buy Exide Industries Ltd CMP 497 SL 425 Target 740

Gujarat Mineral Development Corporation Ltd

The stock has witnessed a decent gradual erosion from the peak zone of 506 and recently has bottomed out near the strong support at 308 levels indicating a decent pullback to improve the bias. There is further strength visible with the RSI on the rise recovering strongly from the highly oversold zone to gain strength and has immense upside potential from current rate to carry on with the positive move further ahead. With the chart technically looking very attractive and with favourable risk-reward ratio, we suggest to buy the stock for an upside positional target of 544 keeping stop loss of 305.

Buy Gujarat Mineral Development Corporation Ltd CMP 358 SL 305 Target 544

Garden Reach Shipbuilders & Engineers Ltd 

The stock has witnessed a decent erosion from the peak zone of 2833 and recently has found consolidation near the 1700 zone with stability maintained. With recent low made near 1510 level, it has indicated a pullback with currently having a positive candle formation with significant volume participation to improve the bias and anticipating for further rise in the coming days. The RSI has indicated a positive trend reversal from the highly oversold zone to signal a buy and has much upside potential to carry on with the positive move further ahead. With the chart technically looking very attractive, we suggest to buy the stock for an upside positional target of 2770 keeping stop loss of 1420.

Buy Garden Reach Shipbuilders & Engineers Ltd CMP 1750 SL 1420 Target 2770

Himadri Speciality Chemical Ltd

The stock has been in a strong trending mode since the last 5 months and recently has consolidated with support maintained near the 580 level indicating a decent pullback. The stock has maintained above the significant 50EMA zone and with the RSI correcting quite significantly from the highly overbought zone, is currently well positioned to carry on with the positive move further ahead with much upside potential visible from current rate. With the risk-reward ratio looking favorable and chart technically looking attractive, we suggest to buy the stock for an upside positional target of 900 keeping the stop loss of 530 leve

Buy Himadri Speciality Chemical Ltd CMP 619 SL 530 Target 900

KPIT Technologies Ltd

The stock has been in a strong uptrend since quite a long time and recently with some consolidation happening has been moving within a range with bias maintained positive. Currently, a decisive breach above 1900 levels shall indicate a breakout for fresh upward move with RSI showing strength and is on the rise with much upside potential visible. With the chart technically looking good, we suggest to buy the stock for an upside target of 2500 keeping the stop loss of 1500.

Buy KPIT Technologies Ltd CMP 1785 SL 305 Target 2500

NTPC Ltd 

The stock has indicated a strong pullback from the significant 50EMA zone of 395 levels and has given a decisive breakout above the descending channel pattern on the daily chart at 417 zone with strong bias witnessed. Currently, the stock has taken support near the upper band of the descending channel and 50EMA zone at 411 level and indicating a pullback has once again improved the bias and with the RSI after the slide has flattened out with signs of improvement. Technically, the chart looks attractive and with immense upside potential visible, further rise is anticipated in the coming days. We suggest to buy the stock for an upside positional target of 590 level keeping the stop loss at 360 level.

Buy NTPC Ltd CMP 423 SL 360 Target 590

Tata Motors Ltd

The stock has witnessed a decent erosion since the last one month from the peak zone of 1142 to move below the important 200 period MA of 960 to currently consolidate and take support near the 915 level of the long-term trendline zone. The RSI has almost arrived near the oversold zone and has been hovering near this area for quite some time with a gradual rise visible to improve the bias. With the risk-reward favorable and the chart technically looking very attractive, we anticipate for further rise and suggest buying the stock for an upside positional target of 1225 keeping the stop loss at 770 level.

Buy Tata Motors Ltdd CMP 907 SL 770 Target 1225

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