05:31
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BEL – Stock outperformed well with good volumes and closed near to days high. It gave resistance breakout of the trendline on the daily chart. We recommend buying above 102.50 for the target of 105 with the stop loss of 100.PEL – Stock showed some weakness in the early hours of the market but it also has shown some strength in the ending hours of the market. It formed a hammer on the daily chart. We recommend buying above 2220 for the target of 2240 with the stop loss of 2200.
HINDZINC – Stock was negative throughout the day with heavy volumes and closed near to days low. It also gave closing below the support level of the trendline on the daily chart. We recommend selling below 249 for the target of 246 with the stop loss of 252.
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Posted in: Indian Market Tips
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