Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

The stock of Rallis India has picked up momentum with improved bias and positive bullish candle to move past the significant cluster of 200DMA and 50EMA levels

The technical analysts recommends to buy and accumulate these stocks with stop loss at respective 200-DMAs

Mahindra & Mahindra has made a triple bottom formation on the daily chart, can target Rs 850 on the upside, says the technical analyst

The stock of Bajaj Consumer, after a decent correction, has bottomed out near 245 level

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

IndusInd Bank stock has managed to move past the 50EMA level of Rs 1,000 and improve the bias

The stock of TCS has corrected and has bottomed out near 3,170 level, taking base near the trendline support zone

Cadila Healthcare's stock has taken base near Rs 600 levels on two occasions recently, forming a good support zone

With the RSI well-placed and indicating a trend reversal to signal a buy, Tata Chemicals' stock is expected to rise further in the coming days

Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737

MSTC's stock has been in a consolidation phase for quite some time maintaining the base near 255 levels and currently has given a bullish candle pattern in the daily chart

The RSI is indicating strength with a trend reversal to make the Escorts chart look attractive with potential upside scope in the coming days

A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias

The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES

The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days

The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy

The stock of HDFC AMC is moving above the 50-EMA level of 2,935 and is showing further strength

The chart of Escorts looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy