Post Diwali You Must Buy These Stocks – Find the List Here
Get a complete list of stocks that have touched their 52 week lows during the day.
On the weekly chart, Ashok Leyland Ltd has turned upwards after breaking out of a Wolfe Wave pattern. Further, a sustained trade above Rs 121 will extend the up move taking it higher towards levels of Rs 135-142.
On the daily chart, it has broken out from an inverted Head & Shoulders pattern suggesting bullishness. Moreover, the RSI has also turned upwards after taking support at the 40-level suggesting higher levels in the coming trading sessions. The stock may be bought in the range of 118-122 for targets of 135-142, keeping a stop loss below 109.
Coffee Day Enterprises
On the weekly chart, Coffee Day Enterprises Ltd has turned upwards after taking support at the lower end of the channel pattern. Further, a sustained trade above 284 can extend the up move to levels of 310-325
Further, on the daily chart, the stock has broken out from a consolidation phase and turned upwards suggesting bullishness. The RSI has also turned upwards after taking support at its 40-level suggesting extended bullishness in the coming trading sessions. The stock may be bought in the range of 275-279 for targets of 310-325, keeping a stop loss below 253.
On the weekly chart, PVR Ltd. (PVR) has broken out from a bullish Wedge pattern indicating a resumption of the uptrend in the stock.
Further, the stock has turned upwards after taking support at the 50% Fibonacci retracement level placed at Rs 1,235 affirming strength dominant. The stock may be sold in the range of Rs 1,418-1,425 for targets of Rs 1,580-1,650, keeping a stop loss below Rs 1,320.