SMS Pharma

The counter after forming a base around 85 levels commenced its uptrend. It found resistance around 110 levels and gave correction phase. During today's session it formed a strong bullish candle on a daily chart and gave powerful close above 100 levels. The decent surge in volumes during recent past combined with other technical indicators it seems that bulls are all charged up to challenge 110 levels. Aggressive traders can bet on the counter for short term perspective for the TGT of 120-125 with SL of 96.

D-Link India

 The counter took a nosedive after kissing 250 mark. During last week it formed a Doji candlestick pattern on a weekly chart with the burst of volumes suggesting the bears power getting exhausted. The counter started the week on a very positive note and it formed a strong bullish candle on a daily chart. Looking at other technical indicators and the chart formations on daily as well as weekly time frames we are of the opinion that the counter may witness bounce back. Traders can utilize every decline towards 80 levels as good buying opportunity with closing SL of 74 for the TGT of 100-108 in a short term.

Essar Shipping : Let us sail the momentum

The counter witnessed a very sharp correction after kissing 38 levels. Post correction it seems that it has formed a very strong base around 22 mark during recent past. Last week it formed a very strong bullish candle on a weekly chart and managed to give close above 28.5 levels. MACD crossover above Zero with RSI above 60 too suggests a very strong momentum. Traders can bet on the counter applying SL of 22 for the short term TGT of 36-40.

Relinace Infra : Technical View

The counter seems to have formed a very strong base around 550 levels on a weekly chart. It has been trading in the broader range of 550 to 635 for the last few weeks. As per the Fibonacci Tool it has been facing resistance around 61.8% level which seems to be placed around 620 levels. Deceive weekly close above 620 may provide the necessary fuel and the counter may kiss 670 to 700 mark.