Buy above 324 Tgt 326,329.2 and 334
Hero Honda is facing resistance at trend line from Highs and Swings highs as mentioned in charts.
Buy above 1900 Tgt 1915 and 1931 SL 1875
Century Textiles has risen strongly this week with W-o-W gains of 10.71%. This rise has been accompanied with healthy volumes and a pick up in momentum.
Friday’s rise also led to the stock closing above both the 200-day simple and 200-day exponential moving averages. This indicates that the bulls have gained the upper hand in this counter.
Buy in range of 484-500 Tgt 511,525 and 545 Sl 468 (200 EMA)
Bombay Dyeing after forming a base around 480 levels after that rallied sharply to 680 odd levels. At 680 it started facing supply pressure from its medium term resistance and rally on last Friday tapered off and stock losing Rs 20 odd from the highs.
Mometum and volumes are back in counter and i would except some volatility with an upward bias in coming week.
Buy above 673 Tgt 699,736 and 737