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BUY HINDUNILVR
TARGET: Rs 2,600
STOP LOSS: Rs 2,250
The stock is placed in an upward trending channel on the weekly time frame in which it is currently placed near the lower band that historically has acted as a strong support zone. Even on the daily time frame, the stock is hovering at the placement of 200-DEMA and 200-DSMA that are expected to act as demand zone. In addition, the lower band of the Bollinger along with 14-period RSI tends to signal oversold and a strong resurgence is expected in the counter.
BUY ICICIBANK
TARGET: Rs 840
STOP
TARGET: Rs 2,600
STOP LOSS: Rs 2,250
The stock is placed in an upward trending channel on the weekly time frame in which it is currently placed near the lower band that historically has acted as a strong support zone. Even on the daily time frame, the stock is hovering at the placement of 200-DEMA and 200-DSMA that are expected to act as demand zone. In addition, the lower band of the Bollinger along with 14-period RSI tends to signal oversold and a strong resurgence is expected in the counter.
BUY ICICIBANK
TARGET: Rs 840
STOP
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