The stock is trying to breakout from a narrow range since last 1 month and on tuesday it also a gave an unsuccessfull attempt but stock is looking good on charts due to triangle formation pattern. The stock can be bought at current levels of 225 with a stop loss of 220 look for short term targets of 234/240.
Stock View: Moser Baer
The stock has been underperforming since last 6 months and as a result of which 2 triangle patterns are visible on charts, one the broader and other one the smaller one for short term. The stock could bounce back till red resistance line. The stock can be bought at current levels of 75-76 with a stop loss of 70 and look for targets of 83/85 in short term.
Stock View:Kohinoor
The Kohinoor stock has given a breakout after many months with huge huge volumes. It gave a breakout on tuesaday but barely closed above its red trendline resistance. The stock is a good buy for a small trade at current levels of 65 with a stop loss of 62 and with short term targets of 70/75. The stock can also touch levels of 80-90 in short to medium term and for that revise your stoploss to 57.
Have a nice trading day
Regards
Ankit
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