UPL is moving in a channel and risk reward looks favourable at this point, if it doesn't break or close below 816 then looks likely to move in depicted pattern till 850-860. Please do your analysis and consultation before taking any call. This is just for study purpose.
HCLTECH is consolidating near support levels, wait to cross/close abv 925 for a sharp up move. SL below consolidation box.
Colpal is consolidating from past few days on the lower end of trading range with decent volumes in past one week. It looks good for an upside abv 1515. SL can be put on the lower range of box.
Bajaj Auto seems to have broken the downward channel after consolidation and with decent volumes. R:R is favourable above 3700, with SL on 3550 CLBS or 3500 Spot.
TataChem broke the Head and Shoulder pattern with decent volumes. Looks like a candidate for sell on each rise for probable tgts of 655/625/600. SL should be on any closing abv neckline (710). Do look out for oversold indicators as well, as it might give temporary bounces.
IndusTower looks likely to breakout from a symmetrical triangle and post consolidation. Looks good for a sharp upside.
Granules India looks all set for a breakout with decent volumes. Abv 338-343 can test 370-380 and abv. Keep on radar.
Naukri (Infoedge) seems to be forming Inverted Head and Shoulder pattern on Daily Chart with decent volumes. Breakout will be on any closing abv 4870.
Maruti is forming H&S pattern on daily chart. Trading below its critical moving averages, looks like sell on rise candidate. If breaks 7200 levels then can give a bigger downside.
HDFC Life has given a breakout from Inverted Head and Shoulder pattern in weekly charts. Looks great for all time highs.
Infy looks good post-1125 for targets of 1140/1160/1180.
Dabur has given a Bullish Flag Breakout with good volumes. Looks good for upward movement - 531/535/540 plus.
Asian Paint has given a Bullish Flag Breakout with good volume. Looks good for all-time high levels.
LICHSGFIN is forming an Inverted Head and Shoulder Pattern in Daily Chart and above 310 looks good for 316/322/331.
LT CAN GIVE A BREAKOUT ABV 916. LOOKS GOOD.
SHRIRAM TRANSPORT FINANCE LOOKS GOOD ABV 670
INFRATEL CAN GIVE A BREAKOUT ABV 192. LOOKS GOOD