Indraprastha Gas Limited
IGL has been moving is moving in a channel and taking support at lower channel as shown in chart. STOC is showing a positive divergence and stock can move upwards and move to upper channel on daily charts
Buy above 333 Tgt 337 and 341 Sl 324.
Orient Ceramics and Industries Limited
Orient Ceramics has been in a bull market from a rally of 50 to 98 and is trading at all time highs.Stock is trading at PE of 6 and gave a good results.Volumes are on higher side and if 98 is taken out with volumes we can see an up move of another 10%
Buy on close of above 98 Tgt 101 and 104
Hero Honda broke 200 DMA this friday and multiple support levels placed around Rs1,810-1,830, which coincides with its 200-DMA.
It has formed Bearish candlestick pattern on the weekly chart, confirming the negative trend.
Every pullback is likely to face resistance around Rs1,830 (200-DMA). The stock is going ex-dividend by Rs30 on Monday.
Short between the levels of Rs1,750-1,760 with SL Rs1,790 for target of Rs1,680
Buy above 108 tgt 111,117 and 125
Join me on FaceBook for Makret Time updates and Intra Calls.