Raymonds - all set for a solid move
Notice the RSI hidden divergence in the monthly chart of Raymonds. One shoudnt hesitate to build a long position above 2240
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Mahindra & Mahindra - Hop on for a ride
Post a brief distribution phase between aug-oct 2023, the stock has broken out recently from an Inverse head and shoulder reversal pattern. Can aim for an upmove towards 1750 and 2000 in the near term.
Tata Motors on a strong wicket
No semblance of any resistance until 900 for Tata motors. Stock should continue to do well. Stock completes a clean 5 wave impulse upmove in line with the Elliot Wave Principles
Nifty in the very long run
The scope for nifty as defined by this chart shows long run potential for the index to hit 80,000. The mother of all bull runs always lies ahead of us.
FDC - can energise the portfolio
I would add FDC above 428.95 for a target of atleast 520 in the near term.
JSW ENERGY- has more steam left
JSW energy can attempt testing the upper end of the rising trendline around 600 levels in the forthcoming sessions. Would initiate a buy above 449.
Heromotoco - on the fast lane
A multiyear breakout from a falling trendline on the monthly timeframe augurs well for atleast a 30% rally in the coming weeks. Accumulate this stock on declines.