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Bajaj Finance Ltd

Buy Bajaj Finance Ltd @ 1030 Target 1260 Stop Loss 937 Potential Upside 22%

Technical Outlook

* The stock has moved up after a few weeks of consolidation, indicating a rise in optimism.

* Moreover, it has surpassed its previous swing high, reinforcing the bullish sentiment.

* The RSI (14) is in a bullish crossover and trending higher.

* On the upper side, the stock may move towards 1,260, while on the lower side, support is placed at 937.

Divi's Laboratories Ltd

Buy Divi's Laboratories Ltd @ 6550 Target 8200 Stop Loss 5700 Potential Upside 25%

Technical Outlook

* After a strong rally and brief retracement on the monthly chart, the stock has formed a bullish candlestick with a hidden bullish divergence and is now trading above its key resistance level of 6250.

* On the weekly chart, the stock closed above its 20-week EMA, forming a bullish candlestick, indicating strength in the ongoing trend.

* On the daily chart, RSI has entered a bullish crossover along with positive divergence, reinforcing bullish momentum.

* These technical indications suggest a continuation of the uptrend after a phase of retracement and consolidation.

FSN E-Commerce Ventures Ltd

Buy FSN E-Commerce Ventures Ltd @ 262 Target 340 Stop Loss 222 Potential Upside 30%

Technical Outlook

* On the monthly chart, the stock has given a strong breakout above its key resistance level of 230, indicating long-term strength.

* On the weekly chart, the stock has formed and confirmed a rounding bottom breakout, signaling a major trend reversal.

* On the daily chart, the stock is trading comfortably above its 20-day EMA, reflecting short-term bullish momentum.

* RSI shows a bullish crossover across multiple time frames — monthly, weekly, and daily — supporting the continuation of the upward momentum

SBI Cards and Payment Services Ltd.

Buy SBI Cards and Payment Services Ltd @ 921 Target 1100 Stop Loss 818 Potential Upside 19%

Technical Outlook

* The stock has broken above its previous consolidation on the daily chart, indicating rising optimism.

* Moreover, the price has been sustaining above the 21EMA on the weekly chart.

* The momentum indicator RSI is in a bullish crossover and trending higher.

* On the upper side, the stock may move towards 1,100 within the next 9–12 months, while a fall below 818 could lead to a loss of momentum

State Bank of India Ltd

Buy State Bank of India Ltd @ 880 Target 1050 Stop Loss 775 Potential Upside 19%

Technical Outlook

* On the monthly chart, the stock is in a clear uptrend, taking support at its rising trendline and giving a strong closing above its 20 EMA in the previous month, after a breakout from a sideways trend or channel in May 2021.

* On the weekly chart, the stock has given a consolidation breakout and is sustaining above its 20-week EMA, with RSI showing a bullish crossover.

* These technical indicators suggest the continuation of the uptrend with sustained momentum in the coming sessions.

Swiggy Ltd

Buy Swiggy Ltd @ 434 Target 540 Stop Loss 390 Potential Upside 24%

Technical Outlook

* The stock has moved higher after retesting the 21EMA on the weekly chart.

* It has been in a strong uptrend since forming a low around 300.

* The 21EMA and 50EMA are in a bullish crossover on the weekly timeframe.

* On the daily chart, a hidden positive divergence is visible, indicating a potential shift in price momentum.

* Over the medium term, the stock may move towards 540, while on the lower end, support is placed at 390.

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