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ChambalFertilizer – TGT 170 SL 142
The stock is seeing a bottom formation after a decent correction in prices while a higher than average volume with a jump in prices indicates accumulation. We expect Chambal Fert to test higher levels of 170 – 175 in coming sessions.BharatElectronics TGt 107 SL 80
The stock has formed a double bottom on the daily chart and has reversed with a decent rally from 75 odd levels to 90. A recent consolidation pattern in stock suggests a further extension of the previous trend with a possible target of 107 in short term.
SundaramFinance – Tgt 1690 SL 1400
It has given a break out from a short-term triangle pattern along with prices closing above its falling resistance line is drawn from peaks of 2018. With volume higher and prices coming up from breakout we expect an immediate short-term target of 1690 with SL of 1400
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Posted in: Indian Market Tips
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