Wish to bet on Dolly Khanna's stocks? Here is how they look on charts

Shares of Nocil and Butterfly Gandhimathi Appliances are seeing buying momentum even in the overbought territory, indicating underlying strength

Chennai-based Dolly Khanna is known for investing in hidden gems that tend to outperform markets in the long-run. Currently, she holds stake in seven firms that command net worth of around Rs 180 crore. 

Here's how they look on charts:

Butterfly Gandhimathi Appliances Limited (BUTTERFLY): The stock has nearly tripled in the last six months with a peak of Rs 668. This upside has not seen any weakness or selling pressure even in the overbought terrotiry of Relative Strength Index (RSI), as per the weekly chart. Now, with a positive convergence of 50-weekly moving average (WMA) with 200-WMA, the stock may show a sharp upside towards Rs 700 once it crosses Rs 600-mark decisively. CLICK HERE FOR THE CHART

 

Nucleus Software Exports Limited (NUCLEUS): The recent new all-time high of Rs 750 met with profit booking, as per the monthly chart. However, as long as the stock holds the support of Rs 500 levels decisively, the upside bias may see strong reversal towards the recent high. The recent rally towards the record peak was supported by volume growth, indicating keen interest of market participants. Moreover, the volume structure didn't dismantle during the recent weakness, underscoring the strength. CLICK HERE FOR THE CHART
 
NOCIL Limited (NOCIL): The stock has seen an upward breakout from its recent consolidation near the support of 200-WMA. The move above Rs 160 pushed the stock towards Rs 200 levels. Now, the 200-WMA, placed at Rs 139, is acting as the medium-term support, as per the weekly chart. Overall, the trend is bullish in the stock and it is moving in the direction of Rs 220 levels. The stock has seen buying momentum even in the overbought category of RSI, highlighting absence of weakness. CLICK HERE FOR THE CHART

 
Rain Industries Limited (RAIN): The "Inverse Head and Shoulder" pattern on the monthly chart indicates a breakout above Rs 125-mark from a medium term perspective. The overall trend is heading towards Rs 200 and Rs 230, which are the next major resistances. The chart further shows that volumes in the stock increased sharply, on the long side, during the breakout. The immediate support comes at Rs 130 levels. CLICK HERE FOR THE CHART
 
Talbros Automotive Components Limited (TALBROAUTO): The "Higher High, Higher Low" formation has a resistance around Rs 240 levels, as per the daily chart. That said, as long as the stock defends the crucial support of Rs 200 levels, the upside reversal may see a breakout above Rs 240 mark. Once that happens, the rally may hit Rs 270 levels. The stock is witnessing buying momentum in the overbought zone of RSI, signaling a positive strength in the stock. CLICK HERE FOR THE CHART