Micro Technicals

BILT

Current Price : Rs 49.8

Target Price: Rs 58

The stock has completed a bullish formation on a sharp rise along with very high volumes. It has a short-term target of around Rs 58 assuming the recent trend holds. There is significant resistance around 54, so the move may terminate or halt temporarily there. The volume expansion along with the breakout suggest that the Rs 58 target will be hit. The long-term trend may have reversed to bullish.

Berger Paints

Current Price: Rs 79.5

Target Price: Rs 100

The stock spent six months in a narrow trading range before starting a rise last week on fairly high volumes. It has strong resistance between 80-85 and may trade sideways there for a while. If Berger closes above 86, it will probably reach a target of Rs 100. There is solid support between 73-77 and the scrip looks worth long-term accumulation because there is an indication that the long-term trend has reversed from bearish to bullish.

Engineers India

Current Price : Rs 400.75

Target Price: Rs 455

The scrip has risen for five months with progressively better volumes along support at a 40 degree trendline. That trendline projection should hit Rs 450-460 by June-end. There is a reinforcing signal. The scrip completed a saucer shaped formation in the last 10 days. This has a target of Rs 455. The scrip is worth holding unless that trendline (projected from January 31 bottom to March 14 bottom) is violated and the stock closes below it twice.

GSFC

Current Price: Rs 36.95

Target Price: Rs 52

The GSFC scrip has completed a very powerful inverted head & shoulders in daily timeframes. The breakout past the neckline has come with a huge volume expansion. There is similar inverted H&S visible on weekly charts, again with volume expansion backing the breakout.

The target should be around 52