IEX
IEX is breaking out from a pennant formation. Breakout point at Rs. 265. Buy at the current price of Rs.272 with the Target of Rs. 313 and stop loss at Rs. 260 on the closing basis.
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CDSL
CDSL is breaking out from an ascending triangle pattern. Breakout point at Rs. 1580. Buy at Rs.1617 with the Target of Rs.1980 and Stop Loss at Rs.1390 on the closing basis under 50 EMA.
PARAGMILK
PARAGMILK Parag Milk Foods is breaking out from a inverse H&S formation. Breakout point is Rs. 144. Buy at the current price of Rs. 146 with the Target of Rs. 235 and stop loss at Rs.118 on the closing basis below the support of Rs.125.
HINDZINC
Hindustan Zinc Ltd is breaking out from an inverse H&S formation. Breakout point is Rs. 346. Buy at the current price of Rs. 364 with the Target of Rs. 555(53%) and stop loss at Rs. 300(17%) on the closing basis under 50 EMA.
DIXON
Dixon Technologies is breaking out from a pennant formation along with MACD crossover. Breakout point at Rs. 5362. Buy at the current price of Rs.5502 with the Target of Rs. 6280 and stop loss at Rs. 5240 on the closing basis.
BEML
BEML Ltd Is breaking out of a multi-year channel pattern. Enter at the current price of Rs. 2014. Target at Rs. 3200. Stoploss at Rs. 1700 below the support of Rs. 1750.
RAYMOND
RAYMOND Raymond is breaking out from a descending broadening wedge as well as 200 EMA. Buy at the current price of Rs.512 with the 1st Target of Rs. 850 and stop loss at Rs.385 on the closing basis under 50 EMA.
ABCAPITAL
After taking support on the lower trend line, breaking out from a Bullish flag along with positive MACD. Enter at the current price of Rs. 118. Target at Rs. 135. Stoploss at Rs. 105 below the support of Rs. 113.
SUNCLAYLTD
SUNCLAYLTD Sundaram-Clayton is breaking out from a rising wedge pattern. Breakout point at Rs. 4045. Buy at the current price of Rs.4180 with the Target of Rs. 5015 and stop loss at Rs.3800 on the closing basis below the support of Rs.3935.
M_MFIN
M_MFIN Mahindra & Mahindra Fin. Services is breaking out from a descending broadening wedge as well as inverse H&S. Buy at the current price of Rs.202 with the Target of Rs. 310 and stop loss at Rs.175 on the closing basis below the support of 178.