The stock has been consolidating between 1750-1820 for most part of the month. Now if it breaks 1820 u may see a spurt on the cards. Buy Lupin only if it sustains above 1820 for quick targets of 1860/1880 with a stoploss of 1790.
Stock View: IOC
The stock is facing huge resistance zone between 333-335 and is likely to breakout with factors like crude in favour of the stock. For a short term trade Buy IOC at current levels of 330 for quick targets of 345/360 in short term with a strict stoploss of 320. Keep a strict stoploss as stock has already moved 10% in few days.
Stock View: BalramChin
Some signs of bottom formation is visible on the charts for this sugar stock. If you see stock has been consolidating between 70-75 for a while and has multiple bottoms around 70. Buy Balramchin at current levels of 73 with a stoploss of 70 on closing basis and look for targets of 79/83 in short term.
Have a nice trading day
Regards
Ankit
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