Jubilant Food
Jubilant Food has been on a dream run from the day it listed and today it made a life time high@807 and moving into uncharted territory.Stock has been respecting its trend lines resisting at top end and taking support at lower end.
As per the above daily chart a pullback should be expected before a move up further. Pullbacks till Rs 748 should be used to
initiate longs in the stocks. Trend is your friend.
Stocks hitting new Highs will keep on Hitting Highs till the Market Participants have no more appetite to move the stock further.
Stochastic still giving indication stock has appetite to move up furthur.
Buy above 808 Tgt 828,850 and 864
Pullbacks till 750 should be used to initiate longs for short term SL 714
Amar Raja Batteries
Triple Top Pattern with a clear cut resistance at 201.Break above that with volumes will drive the stock higher.
Buy above 201 Tgt 203,209 and 215
Hindustan Zinc
HZL was running on back of its results made a high of 155 and than stock corrected till 130 levels.
HZL is looking ripe for bounce back as RSI is in OVersold,Stochastic has started moving from oversold and generated a BUy
HZL is respecting its lower trendline which gives a confidence on trade.
Buy above 135.3 Tgt 137,140 and 144 Sl 131