How To Trade : HCC, Hindalco, The Indian Hotel SJVN, Sun Pharma and SRF

Last month blog calls RBL Bank is doing great- Hold, BEL (up by 18%) and Delta Corp (up by 22%)completed all our targets - stay invested for higher targets, Bharti Airtel completed both initial targets (11%)- Hold,

Stock is looking good for short to medium term for targets of 23-27 to 35 in medium to long term. Stock is also showing breakout on multiyear chart indicating major upside. Stoploss can be placed at 17.

Stock is trading range bound, we expect stock to retest 410-405-400 to 392 in coming days. One can try to accumulate stock in the range of 405-392 keeping stoploss at 380 for reclaiming of 426-42 and above.

Stock is in uptrend since long and has already rewarded investors with more than 6X returns in last 3 years (from 62 to 400). Stock is moving in a tight upward channel and currently it's near bottom/support line of the channel. If stock breaks support 382-77 in coming days, we can witness sharp fall towards 352-25, while on sustaining, 403-17 will be the targets.

Stock is looking good on charts and dips upto 35.25 can be added for short term to medium term. More can be added above 38-39 for targets of 42 to 45 in coming days.

Stock is trading range bound and making lower highs, lower lows on continuous basis. One can sell sun pharma below 980 for 955-35 to 915 However above 1025 stock can move towards 1050-70.