| Stock Pick | Observation | |
| Company | Hero Moto Limited |
The stock is trading in a bearish lower top lower bottom chart structure. The stock has given a bearish Consolidation breakdown on the daily chart. On MACD Histogram, it has entered into the negative territory indicating a continued downward momentum going forward. Tracking the derivative data points, the stock has added fresh open interest along with a sharp fall in the underlying price, hinting an addition of short positions.
 |
| Recommendation | ||
| Buy or Sell | Sell (Fut) | |
| Range | Rs 2558-2568 | |
| Target | Rs 2450 | |
| Stop Loss | Rs 2620 | |
| Duration | 1 week | |
| 200 D-EMA | Rs 2712 | |
| NSE Code | HEROMOTO | |
| Stock Pick | Observation | |
| Company | L&T Infotech Limited |
Stock has given a strong recovery from its recent low by forming a bullish hammer candlestick pattern on the daily chart. It has also given a reversal double bottom breakout on the daily chart, indicating a continued upward momentum. On ADX indicator, the +DI line is on the verge of crossing the Average DI line around the 25 mark, indicating a positive strength.
 |
| Recommendation | ||
| Buy or Sell | Buy | |
| Range | Rs 1680-1700 | |
| Target | Rs 1740 | |
| Stop Loss | Rs 1650 | |
| Duration | 1 week | |
| 200 D-EMA | Rs 1633 | |
| NSE Code | LTI | |
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