Escorts Ltd (ESCORTS): The current momentum in the stock indicates a sideways trend in the range of Rs 1,450 to Rs 1,200 levels, as per the daily chart. However, the Moving Average Convergence Divergence (MACD) is attempting to cross the zero line, suggesting an upward momentum. Currently, the stock is trading above 50-days moving average (DMA) and 100-DMA, placed at Rs 1,331 and Rs 1,325, respectively which will act as immediate support zones. The upward bias may reverse only below the support of Rs 1,300 levels. CLICK HERE FOR THE CHART
Federal Bank Ltd (FEDERALBNK): With a "Higher high, higher low" formation, the stock is set to rise further and may claim a new 52-weeks high above Rs 92.50 levels. A decisive rally above Rs 88-mark may also see an acceleration in the upward momentum, daily chart suggests. A breakout above Rs 92.50 may further see a rally towards Rs 100 levels. The overall upward trend shall remain intact with the support of Rs 79 levels. CLICK HERE FOR THE CHART
Lupin Ltd (LUPIN): The recent reversal near the firm support of 100-DMA, currently placed at Rs 990 levels, shows a strong move above the breakout resistance of Rs 1,100 levels. Once that happens, the rally may see a sharp surge towards Rs 1,200 levels. Current momentum has a support of 100-DMA, as per the daily chart. On the downside, the stock may see early signs of weakness if it breaks below the Rs 1,030-mark. CLICK HERE FOR THE CHART
Tata Motors Ltd (TATAMOTORS): Both, the Relative Strength Index (RSI) and MACD, have made a negative crossover on charts, reflecting weakness and a negative bias at the current levels. That said, if the stock upholds the support of Rs 300 levels, the positive momentum may regain the upside bias. Going forward, the Tata Group firm's stock needs to cross and sustain above Rs 340 levels to start a new trend, as per the daily chart. CLICK HERE FOR THE CHART
Titan Company Limited (TITAN): The weekly chart suggests a negative trend below Rs 1,500 levels, exhibiting a trend line resistance. Furthermore, a breach below Rs 1,400 levels may see aggravate selling pressure in this stock. On the higher side, the stock needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants. The RSI has witnessed selling pressure in the overbought territory, and now suggests weakness with a negative crossover. CLICK HERE FOR THE CHART
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