HEXAWARE 8413

The counter is trying to form Ascending Traiangle pattern on a daily chart. Today it gave close above its minor hurdle placed around 92.5. Now the next major hurdle is 95 which if crossed on a closing basis + any weekly close above 95 happens then there is a higher probability that the counter can kiss 101-108 levels. We are bullish on the counter and recommend to enter at current levels with closing SL of Rs.89 for the TGTs of Rs.101-108.

 

 

AXIS BANK 7413

THE COUNTER HAVING BROKE AN IMPORTANT SUPPORT AT 1293 KISSED 1217 AND FINALLY GAVE A CLOSE AT 1229.55. IT WITNESSES GAP DOWN OPENING ON 4TH APRIL AND NOW THIS GAP AT 1266 IS GOING TO ACT AS RESISTANCE FOR THE COUNTER. ON THE DOWNSIDE THE COUNTER HAS NEXT MAJOR SUPPORT AROUND 1207 LEVELS. CONSECUTIVE CLOSES BELOW 1207 + WEEKLY CLOSE BELOW 1207 HAPPENS THEN WE EXPECT MORE PANIC IN THE COUNTER AND IT CAN KISS 1100-1070 LEVELS.

TVS MOTOR 6413

THE COUNTER HAS A VERY STORNG SUPPORT AROUND RS.32 AND RECENTLY THE COUNTER FOUND GOOD SUPPORT IN THAT ZONE. IT FORMED COUPLE OF DOJIs AND THEN A STRONG BULLISH CANDLE ON A WEEKLY CHART WHICH GIVES A SENSE THAT BULLS WON THE BATTLE AND THE COUNTER MAY WITNESS STRENGTH IN NEAR FUTURE. HOWEVER THE COUNTER HAS A MINOR HURDLE AROUND RS.38 LEVELS WHICH ONCE CROSSED ON A CLOSING BASIS THE CHANCES THAT THE COUNTER KISSES RS.44-48 LEVELS ARE VERY HIGH. RISKY INVESTORS CAN TAKE EXPOSURE AT THIS LEVEL. ALTERNATIVELY CONSERVATIVE INVESTORS CAN WAIT FOR THE COUNTER TO CLOSE ABOVE RS.38.

WE RECOMMEND TO BUY AT RS.36 SL RS.31.5 ON CLOSING BASIS TGT RS.44-48

ESS DEE ALUMINIUM

THE COUNTER WE SENSE IS FORMING CUP AND HANDLE CHART PATTERN ON A WEEKLY CHART. VOLUMES TOO HAVE BEEN HIGHER THAN AVERAGE DURING RECENT PAST. THE COUNTER HAD RESISTANCE AROUND 351 WHICH HAS NOW BEEN BROKEN SWIFTLY AND NOW MAY ACT AS STRONG SUPPORT. RECOMMEND BUY AROUND 388 WITH THE CLOSING SL OF 351 TGT 460-470

AXIS BANK 3413

THE COUNTER WAS MANAGING TO HOLD 1293 LEVELS ON A CLOSING BASIS. HOWEVER TODAY IT BREACHED THAT LEVEL ON A CLOSING BASIS AND TESTED VERY CRUCIAL WEEKLY SUPPORT PLACED AROUND 1270 LEVELS. WE BELIEVE IF WEEKLY CLOSE BELOW 1270 HAPPENS THEN THE COUNTER MAY WEAKEN FURTHER AND SLIDE UPTO 1245-1220 LEVELS. WE SUGGEST AVOID BUYING THE COUTER UNLESS AND UNTILL IT CLOSES ABOVE 1293 CONSECUTIVELY.

AP PAPER 2413

The counter had been in downtrend and consolidated around 177 levels. During recent past it moved within the confined range of Rs.177 to Rs.204 and today it broke that range and gave a very powerful close at Rs.208.5. We believe the counter may commence its short term uptrend from here and can kiss Rs.223-226 levels. The counter still has an unfilled gap around Rs.275. Consecutive closes above Rs.226 levels may add further strength and the counter may kiss Rs.275 in medium term. Recommend Buy around Rs.208 with the closing SL of Rs. 187 for the short term TGT of Rs.223-226. Ultimate TGT above Rs.226 seems to be 270-275

 

 

HUL 1413

HUL SEEMS TO BE ON THE VERGE OF COMMENCING ITS SHORT TERM UPTREND. THE COUNTER HAS GAINED 20 DAYS AND 50 DAYS EMAs AND IS TRYING TO FORM ASCENDING TRAINGLE PATTERN ON A DAILY CHART. CONSECUTIVE CLOSES ABOVE 478 LEVELS WE THINK PROVIDE THE TRIGGER TO THE COUNTER AND IT CAN KISS 502-509 LEVELS IN A SHORT TERM. RECOMMEND BUY AROUND 472 WITH CLOSING SL OF 460 FOR THE TGTs OF 502-509