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ICICI Bank : Stock is in downtrend since it made double top near 443. Now stock is getting support near long term trendline and its also visible that stock is hovering near bottom line of an upward channel, Hence, one can add icicbank above 418 for 435-50-70 with sl 405
Philips Carbon Black: Long initiated on Friday when stock was quoting near 121-23 and booked partially near 132-35, stock is still looking good on daily charts and can move up towards 160 above 137-39.Have a look at chart :
SBI : Last week we advised you to sell below 348 for targets of 340-35, stock hit low of 336 and now its taking support as predicted, So add with sl of 335 for short to medium term targets of 355-77
Union Bank : Stock formed an inverted hammer candle in Friday trading session after finding support near long term trendline.Add if trades & sustains above 71.5 for targets of 74.5-79 with sl of 69.50
Yes Bank : Stock is taking support near long term trendline and resistance is placed @105, above 105 stock can test 115-30-40. Add here for at least 105 in near term.
Bajaj Electric :Stock is in downtrend for last few weeks but at cmp stock is hovering near long term as well as short term trend line junction which can work as major support for this fundamentally strong electric item manufacturer. Start accumulation keeping stop below 370 for sharp upside.
Ashok Leyland Stock can be added for target of 80-85 which can work as major resistance. Add more above 85 for 94-110
BHEL : Stock has good support near 58-60 and if 58 breached the next target will be around 50-40-35. Add here with strict stoploss of 58 for investment purpose. Long term RSI is in oversold mode.
Century Tex : Buying advised yesterday near 900, Add more above 925 for 950-70 with sl 895
ICICI Bank : Stock is in downtrend since it made double top near 443. Now stock is getting support near long term trendline and its also visible that stock is hovering near bottom line of an upward channel, Hence, one can add icicbank above 418 for 435-50-70 with sl 405
Philips Carbon Black: Long initiated on Friday when stock was quoting near 121-23 and booked partially near 132-35, stock is still looking good on daily charts and can move up towards 160 above 137-39.Have a look at chart :
