Stocks To Watch : Tejas, Hind Copper, Jayshree Tea, Axiscades and Indian Hume Pipes

Tejas Network : 

Stock has not participated in current rally and falling continuously, but now stock is taking support near long term trendline, so, we can expect a rally in coming days.Candle formed on Friday is bullish Hammer and candle pattern is bullish Harami, both indicates trend reversal in coming days. Technical Indicators are yet to give buy signal but RSI 5 is in oversold zone. Stock can test 184-90 to 205 in coming days while stoploss can be placed at 170. Support exists at 174.

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Indian Hume Pipe Co. 

Stock was continuously falling after making highs of 595 during 2017, However, have doubled from March. 2020 lows of 112. Now stock is looking good on charts and once crosses 240 level we can expect 260 to 300 levels in short term. Stoploss can be placed at 210. In long run, we expect stock to test 350-80.Below 215-10 next support is around 190-85.

Weekly chart :

Axiscades : A buy was recommended when it  was around 50 and again when it was at 75, now it's trading above 100 and we are expecting targets of 125 to 150 in near term and 200 to 300 in medium to long term. Stoploss can be placed at 85, stock has good support at 90.

Jayshree Tea 

Longs were advised last November 2020 when stock was trading at 70, now it had tested 107+, and had made multiple swing highs between 105 to 108. A buy is advised for another 35-50% move in coming months if stock trades and sustains above 108-10 with stoploss of 95

Hind Copper 

Stock is looking good on charts and almost all major technical indicators are in buy mode, Add once sustains above 174 for short to medium term targets of 195-215. Stock has good support around 164-65, stoploss can be placed at 159.