Reliance Industries Stock has formed an Inverse Head and Shoulder Pattern at the bottom with good volumes ,Confirmation with inverse HNS on 14 period RSI also ,which is a key reversal pattern specially when its found.
Two Stocks to Watch for breakout KPIT and KFA Airlines
Venkys India had broken and trading above the trendline resistance zone. And it can be bought till the dips 420-430 with stop loss Rs 400. Target comes around Rs520-530
Dr Reddy Stock is currently facing resistance near Rs 1680. A Close above 1680 could have a potential to reach Rs 1850-1860 and Rs 1950 as the second target.
SL Rs 1600 for postional traders.
Four NSE Stocks IDEA,Sun TV, Escorts, Havells India to watch for breakout this week
Monthly Chart Show level of 660 will be important on closing base.if close below 660 than stock can come down to 600-610, 560 and 460. Intraday Basis -Stock Can Take supports around 665-60,646 ,640,620
Hexaware on the weekly chart had broken below the trendline and a Close Below 77.50 Will Create Selling and Stock is Likely come down to 72-70 and 62-63.