Eveready (CMP: 27.35) - is displaying
a positive outlook on the daily chart. Higher top and higher bottom set-up is
progressing which signifies trend remains up. Last week the stock has given
trend line breakout with strong positive candle & now that trend line acts
a crucial support which indicates bullishness continuous. Now the stock is
heading towards 32 - 33 levels which is upper line. If the near term resistance
level of 28.15 breaks, then the stocks will rise towards 30 level in short
term. The strong support level placed at 25. On the weekly chart RSI has given positive crossover which signs strength.
Recommendation: Traders can buy
at CMP or buy on dips to 27.15 – 26.75 level with a stop loss of 24.5 (Closing
basis) for target of 32 - 33 levels.
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