Stocks to Watch For Thursday – CapitalHeight LARSEN AND TUBRO (LT)

LT future has continued sustaining near its resistance and has given breakout at upside in long-term crucial levels of 200-days DMA on daily charts.LT future currently holds a strong support at 1350. It is having higher volume levels with positive movement of the stock.

Forming a bullish pattern on daily chart, indicating a strong trend for the stock. We have a buy recommendation for levels 1390-1395 target around 1460 / 1490 levels in upcoming one-two days with stop loss 1350.

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Stocks to Watch For Tuesday – CapitalHeight DR. LAL PATHLABS LTD

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The stock closed above Rs 900 on 08 th October, 2018. It made a reversal from channel line supports levels. The short, medium are positive for the stock as it is continuously trading in “Rising Channel” on the daily and weekly charts, which is considered to be bullish.

Last week, there was a panic selling witnessed across the board but the stock ended flat on the back of buying force, which indicates buying is aggressive for the stock.

Technical indicators like RSI and MACD are also looking positive for Lalpath lab so one can initiate long in the range of Rs 940-950 levels for the upside target of Rs 990-1035 levels with a stop loss below Rs 910.

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WEEKLY PERFORMANCE(01-05 Oct2018) OPTION PREMIUM CapitalHeight.

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Stocks to Watch For Thursday- CapitalHeight RAMCO SYSTEM LTD.

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Technical Analysis 

The stock is in a downtrend as it is forming lowest-high-and-lowest-low formation for the last one and half year. The price has seen a bounce from 21-days exponential moving average (EMA) which has acted as a support for the stock in the past. The stock touched an absolute and closing 52 week low of Rs 298 and Rs 307 respectively on Monday. The stock has closed above the upper Bollinger band on the daily charts which suggests a continuation of the reversal trend in the direction of the breakout.

The MACD line has given a positive crossover with its average on the daily chart and taken support at its average on the weekly chart. Ramco system can be bought around and on dips to Rs 320-325 with a stop loss below Rs 309 for a target of Rs 335-355.

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Stocks to Watch For Friday- CapitalHeight GE POWER INDIA LTD.

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Technical Analysis 

On the weekly chart, GE POWER INDIA LTD (GPIL) has turned upwards after taking support at the lower end of the channel pattern placed at Rs 684. Further, a sustained trade above Rs 750 will trigger a breakout from a trend line resistance taking it higher to Rs 790-810.

On the daily chart, it is on the verge of a breakout from the neckline of a zigzag pattern suggesting bullishness.

Moreover, RSI turned upwards after forming positive reversal suggesting higher levels in the coming trading sessions.The stock may be bought in the range of Rs 745-750 for targets of Rs 775-805, keeping a stop loss below Rs 725.

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Stocks to Watch For Monday – CapitalHeight Mastek Limited

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Technical Analysis 

The Mastek Limited has been in uptrend primarily since November 2016 and it took correction and from early May 2018 it was trading in consolidation zone, today the stock gave breakout attracting the considerable amount of buying side volume and also stock has given previous days consolidation breakout on daily and weekly chart.

Mastek Limited have been showing a strong buy on daily chart, RSI crossover is seen on the daily chart and also the stock is taking support of the moving average. Buy Mastek Ltd above 597 with target range 615-625 and stop loss 580.

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Stocks to Watch For Friday – CapitalHeight Sonata Software:

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Technical Analysis 

The Sonata Software Limited has been in uptrend and moving in the uptrend channel line. The stock took support of the channel line support and started to move up. The stock is in buy if it crosses the level 370 in the next trading session. RSI Crossover is seen on the stock at the reversal point and since then making higher high and higher low candle pattern on the chart. Also good volume is seen on the chart.

Sonata Software is recommended to buy if it breaks the level of 370. And the target range could be 380-390 and the recommended SL is 360. The stock also combines the moving average support and thus it indicates buy after the breakout of the given level.

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Stocks to Watch For Thursday – CapitalHeight Cyient Limited:

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Technical Analysis 

The Cyient Limited has been in downtrend primarily ie from 11 may 2018 and have been taking the consolidation on the daily chart after the mid of the may 2018. Breaking the consolidation zone downward the stock has made the reverse head and shoulder pattern on the same. Attraction of volume could be seen on the stock and RSI crossover could be seen at the same levels. The stock have also moved above the tick average line and also it is about to give the breakout.

Cyient Limited is recommended to buy if it breaks the level of 775. And the target range could be 782-789 and the recommended SL is 769. The momentum indicator indicated a positive trend with stock stick at 62 levels, while MACD is likely to make a bullish crossover in the next few sessions.

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Stocks to Watch For Wednesday – CapitalHeight Sonata Software:

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Technical Analysis 

The stock is forming a rising wedge pattern on daily chart. The Pattern starts 12 June 2018 and complete first wave on 11 July 2018 at 272. Then the stock recovered and completed 2ndwave on 25 July around 360. The stock then fell down to complete 3rd wave at 312 on 8th August 2018.

The stock then correct to form higher high and compledted 4th wave at 370 on 17th August. The stock again fell down after hit higher high to form lower low and supported at lower trend line around 335.It is currently consolidated at lower trend line and expected to recover from current levels to hit again a higher highand completes a rising wedege pattern. 21 day EMA also supports the lower trend line. RSI is consolidating near 55 andexpected to give break out to reach above 70.

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Stocks to Watch For Tuesday – CapitalHeight Motilal Oswal Financial Serices:

Technical Analysis 

The Motilal Oswal is in downtrend form January 2018 and reversed the trend form the july it reversed the trend and started to move in the uptrend. The stock is taking support of the uptrend channel line and again it is moving in buying side, the increase of the volume also is seen into the stock.

Motilal Oswal is buy if it breaks the level 868 and the target range 875-882 and recommended stop loss 842.The stock is showing RSI convergence at the initiation of the green candle at the support of the trend line.

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