Advance Enzyme : Stock is in long term downtrend and every rise is being used as selling opportunity by traders/investors. In just last 2-3 weeks stock has corrected more than 25%. Now at this point stock is looking in a range bound condition and require a breakout from the range of 177-164 to confirm the next trend. Above 177 stock can test 185-95 to 215 while below 164-63 stock can show 150-45 .
Jubilant Food : Head & shoulder pattern is visible on daily chart, which indicates that if stock fails to hold support 1250-1195 we can witness further downside upto 1030. Resistance 1295-1340 for initiating fresh shorts on upside.
JSW Steel : Stock is in downtrend since last one year and has corrected from highs of 427 to 255. Last time stock took support around 260 and the stock is trading in same range again, hence, we expect a fresh upmove from here. Add above 270-72 for 299-320 in short to medium term with sl @260 on closing basis.
Glenmark: Stock is in long term downtrend and corrected sharply in last 2-3 years. Study of long term trendline suggest that below 480 stock can test 410 but till the stock is above 480 a bounce can't be ruled out. However best entry will be above 550 for targets of 630-90. Have a look at daily chart :
Indusind Bank: Stock has support near 1435 below that stock can retest 1350-1310 while above 1460 stock can test 1530-1600 in coming days. Follow the trend.RSI, Williams %R suggest a long position can be initiated.
Glenmark: Stock is in long term downtrend and corrected sharply in last 2-3 years. Study of long term trendline suggest that below 480 stock can test 410 but till the stock is above 480 a bounce can't be ruled out. However best entry will be above 550 for targets of 630-90. Have a look at daily chart :
