Ticker

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How To Trade : Reliance, Cipla, Berger Paint, Lyka Labs, Bang Overseas, BEL,, Nykaa, Bandhan Bank, TCS and GSFC

In our previous post our views on TCS, M&M, Bharat wire ropes, Bandhan Bank, Devyani, Dr.lal pathlabs and Nykaa were shared. Here is our updates on these stocks 

Bharat wire ropes (BWR) hit 265 to 288+ (9%), Almost done with first target.

Bandhan Bank hit 217 to 225 (3.5%), failed to perform. Now no buying advised and sell/short if trades below 215.

Devyani hit 199 (7.55%) from 185 almost completing our targets.

Dr.lal pathlabs hit 2595(5.8%) to 2744, fresh entry above 2750 only.

Nykaa : We told you that 153 will be our initial target and above that big move possible. Stock hit 140 to 170(21%). Stay invested and add more for higher targets.

TCS : Hit 3350 to 3530 almost completed both our targets. Fresh entry above 3530.

M&M short not triggered. 

Stocks To Watch Next week

Lyka Labs


Stock rallied from 9.6 to 267 during 3/2020 to 12/2021 after that stock was in continuous downtrend and hit 88.50 in May, 2023. For last six months stock is hovering in an small range of 100-130 and currently its trading near 113 with bullish engulfing pattern on weekly charts. Add for initial target of 121-30 to 137 and above that 155-65 in short to medium term. Stoploss can be placed at 105.


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Bang Overseas



Stock is looking good on charts for short to medium term targets of 82-92-105 with stoploss of 65. 



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Berger Paints 



Stock is looking good on charts with bullish inverted Head and Shoulder pattern, However neckline breakout will confirm only above 595. Add if sustains above 595 for 650 and above.


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BEL


Stock is looking on charts and has already given breakout on bullish inverted Head and Shoulder pattern on daily charts. Add for the pattern target of 156-60 in short to medium term.


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Stock is trading range bound and hovering near upper trendline resistance. Once the stock sustains and closes above 1260 we can expect1280-1320 in short term while in long term stock can move towards 1550-1700 as a result of flag pattern breakout easily visible on weekly charts above 1260.




GSFC ( Guj State Fert & Chemical Ltd.)

Stock was in downtrend for last one month. Now got some buying support near medium term trendline. Add above 188 for targets of 205-225. Stoploss can be placed at 177. Below 177 stock can test 167-63.




Stock is trading in a  range of  600 points for last two year. At CMP, Stock is trading near support trendline and looking good with bullish engulfing candle pattern on weekly charts . Add for 2540 with stop of 2295.