Tata Communications has made double bottom pattern at Rs 640 with a positive diversion on RSI daily chart. The volume is also very high. The stock looks bullish to buy now and in decline for a positional target of Rs 740 and 780.
Heidelberg, after correcting from Rs 140 to Rs 118, has once again bounced back and now is trading above a cluster of moving averages, ready for next upmove for target of Rs 150 and above.
Bajaj Auto, after correcting from Rs 3000, has retraced Rs 2,700. this stock is now showing sign of reversal after sustaing above a cluster of moving averages and favorable indicators. The stock IS looking positive for a bounce back. We recommend a buy in this stock with an upside target of Rs 3000, keeping a stoploss of Rs 2760.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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