How To Trade : Reliance Ind, Page Ind, PEL, Polycab, Birlasoft, Ramco Ind, Parag Milk and SAIL

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Page Ind

One year ago on 30 August 2021 we advised to invest in #PageInd near 31500 for the targets of 34300 and above. Now almost one year has completed and the stock has tested 50,000+ and is trading around 49000. We again advise you to add #Page Ind above 50,000 for targets of 58000 and above. Dips upto 47000 can also be used for entry with stop below 46000.

PEL (Piramal Enterprises Limited)

Stock corrected from 3000+ level to almost 1500 in past few months and now recovered a little bit. At current level, stock can be added more above 1920 for short term targets of 2100-2200 in coming days. Stoploss can be placed at 1840.

Parag Milk :

Breakout seen on daily charts. Add for short to medium term targets of 101-106-112 with stoploss below 87.50.

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PolyCab

Stock is trading near a major trendline hurdle. If continue to sustains above 2387 Stay invested/Add fresh for short to medium term targets of 2620-2770 to 2950 Stoploss can be placed at 2340.

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Reliance Ind

The bigbull of the market is looking great on charts with breakout of extended inverted Head and Shoulder pattern. The pattern targets for short term are 2740-2850 to 2910. One can add with stop below 2540 while support exist near 2610-2570.

Ramco Ind :

Stock after correcting more than 50% in last one year, now getting some support but still its not in clear cut buy mode. For any investment purpose entry stock need to cross resistance range of 200-205 while below 175 stock can correct further. Recently 50wMA breached 100wMA which is another week sign for stock. Have a look at weekly chart :

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Birla Soft

Stock is in continuous downtrend since long, now after getting some support stock recovered a bit, but still not recommendable for investment. Stock is in making of a symmetrical triangle pattern which can give breakout either side, so best strategy to trade this stock will be wait and watch. Above 350-55 stock can test 385-400 while below 330 stock can test 285-75.