Petronet LNG is looking very strong on the weekly and daily charts. It has also made a flag pattern and broken out of it. It can be bought around 175 for its first target of 200.
Sell and book losses in IPCA Labs. Its broken from its support line and its trading below its 200 DMA. The stock is showing a lot of weakness. It can fall down till 295.
Divis Lab has broken down from its uptrend line, it has also broken down from its 50DMA and its support level of 739. Investors holding it can sell it and book minor losses as further downside can be seen.
Buy Hero MotoCorp around 1850 for an initial target of 1938-1950. The stock has taken support at its 200 DMA and bounced back . Its also looking good ont he weekly charts.
Rallis India had made an ascending triangle and broken out of it during this terrible market crash. Investors can buy it around 160 for an initial target of 188.