In our last post we looked at how some heavy weights of Nifty were in a range. Out of those ITC and Infosys have given a clear range breakout on upside and others are in the waiting.
Similarly a lot of stocks in the Top 100 are in a tight range.
Some can give a move of 10-15% on breakout.
ACC – Triangle and a range of 1420-1550.
Vedanta – No Follow up selling on new lows making a falling wedge. Reversal Confirmation above 205-210.
UPL – A strong base formation followed by a move back to 800. 3 tops around 790-795. A breakout can take it to all time highs.
Piramal Enterprises – 2400-2200 range.
Motherson Sumi – 145-175 range.
Lupin – 800-850 range.
Indiabulls Housing – 770-880 range breakout can give a 10-15% move.
Havells – 660-710 range.
Container Corp – Breakout above 700-710 can give a 10-15% bump up.
BEL – A long term trend change whenever it starts sustaining above 100.
Ambuja Cements – A triangle 225-210.
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