IPCA Lab - is displaying a bullish outlook on the daily chart. The stock has tested cluster trend linesupport & reversed with strong positive candle and also it has taken from the 100 day SMA which indicates bull's ride has started. on the daily chart; the RSI indicator shows multiple leg of positive divergence with its price, which is the sign of strength. Now the stock is heading towards 701 - 735 levels. Support level placed at 615.
Recommendation: Traders can buy with a stop loss of 615 (Closing basis) for target of 701 - 735 levels.
Ajanta Pharma - is displaying a positive outlook on the daily chart. The stock has tested lower trend line support level & bounced back with strong positive candle on the daily chart and on the daily chart; the RSI indicator shows multiple leg of positive divergence with its price, which is the sign of strength. If that resistance level of 845 breaks, then the stocks will rise towards 975 - 1010 which is 50% - 61.8% retracement level of last falling leg. The strong support level placed at 765.
Recommendation: Traders can buy with a stop loss of 765 (Closing basis) for target of 975 - 1010 levels.
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