Stocks To Watch : Bank of Baroda, Hindalco, JSW steel & Glenmark

 Bank of Baroda : Stock rallied from sub 40 levels to 100 (2.5x) in just  6 months, and corrected thereafter almost 1/3rd in just 1 month (100 to 68), now after getting some support stock is trading around 75-77 where it can face some resistance. Add more on sustaining above 76.75 for 5to 10% move in short term & for 100% in medium term with stoploss of current low.

JSW Steel : Stock is going great & showing breakout from long term channel on daily as well as weekly charts. Next major resistance is placed around 535-42 while support is placed at 497-88. Trade long.

Hindalco : Channel as well as flag pattern breakout seen on daily charts, Add for medium term with target upside of 15-25%., Support exists around 340 while stoploss can be placed at 332. Have a look at daily chart:

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Glenmark : Stock is looking good on charts, we initiated longs (Stock Future) of Thursday when stock was at 472 & booked some profit around 490. Stock successfully closed above 20, 50 and 100day moving averages however failed to close above major trendline. Add fresh longs above 492 for another 5-10%  to 20% move in coming weeks, stoploss can be placed below 470. Have a look at daily chart

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