Targets : Rs 954 / Rs 980
Stop-loss : Rs 921
Comment : The retracement from Rs 1047 seems to have completed and has taken support around Rs 900. The reversal from Rs 900 is expected to gain more strength. The momentum indicators too have started to reverse.
Targets : Rs 1088 / Rs 1109
Stop-loss : Rs 1050
Comment : The stock has been moving within a triangle pattern for the last two months and has managed to break out of the pattern resistance of Rs 1057 yesterday. The momentum indicators are supporting further uptrend. MACD has moved above the zero and the signal line.
Action : BUY on dips
Targets : Rs 166.8 / Rs 169.5
Stop-loss : Rs 160
Comment : The stock has been in a profit booking mode for over a week now and seems to have found a base around Rs 160. The momentum indicators are signaling oversold situation.
Action : BUY on dips
Targets : Rs 73 / Rs 77
Stop-loss : Rs 69.5
Comment : The stock has been moving in a narrow range for most of this month and yesterday has broken above the range resistance of Rs 70. The present up move is expected to extent further towards Rs 75-80. The momentum indicators like RSI and Stochastics are supporting further uptrend. MACD has crossed the signal line from below.
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