ONGC , Reliane Inds and Chamble
So
the range has been in place for quite some time lets c whether there
are enough volumes or price action to break it. Short around 740 with a
stop of 750 if markets take a breather.
As
discussed yesterday 1240-1270 was a support zone in short term which
did not break and now its close to sustaining above the 1350-1380. Such
a move could target 1500 level but volumes dont indicate a move to the
possible technical target of 1650.
The
stock seems to be set for a possible breakout after a decent sideways
consolidation. It can touch 43 first and sustaining beyond that could
lead to 50 or more also. Volume built up needed to confirm a stronger
move. Can be bought with a stop of 38.
RPL and Petronet LNG look good on charts for a quick move to 93 and 41-42 in short term provided they stay above 88 and 38.
Quick trade would be buy Lanco Infra above 120 tgt 132 stop of 114.
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Nooresh
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