How To Trade : JWL, Coforge, UPL and BHEL

Stock moved sharply during Friday trade. Add for 508-18 to 532 in short term while major uptrend can be seen only above 535.  Stoploss can be placed below 582. Have a look at daily chart

Longs were advised in November,2022 when this stock was at 82. We booked profit in September, 2023 and advised to add again near 270 in Oct, 2023. Now the stock has shown major breakout above trendline with volumes. Add for targets of 780-800 in medium to long term. Stay invested. Have a look at weekly chart

 

After sharp 16% correction from recent highs and almost 50% retracement of entire previous rally from 225 to 318, now the stock has found buying support near 20dMA.  The stock also positively saved the short term trendline support. Add for short term target of 290-307 with stop below 267. Have a look at daily chart. Below 267 targets will be 262-57 to 245.

Stock is in downtrend for almost 3 months, However, stock found good buying interest near long term trendline last week. Stock has also completed bearish ABCD pattern with bullish hammer last week. Add for short term target of 4670-5000 to 5450 with stoploss below 4250. Have a look at weekly chart