Micro Technicals
HLL
Current price: Rs 160.95
Target price: Rs 152
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The stock has broken one critical support around Rs 167. It bounced off support at Rs 158 on Friday. It has very strong support between Rs 152-155. We could expect a base to form in that region.
The level to watch for anybody trading the stock would be Rs 152; if that is broken, Levers could move down to at least Rs 145 levels. Chart downside targets are around Rs 152, there is support at that point, the stock is already displaying oversold tendencies. A rebound would have a short-term target of Rs 168 and possibly, even Rs 175.
CMC
Current price: Rs 418
Target price: Rs 335
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