Stock Pick Observation
Company Vardhman Textiles Limited The stock has given a sharp recovery from its multi-month support level of ~950 and is on a verge of giving a bullish double bottom breakout on daily chart.

It is showing positive momentum on the daily MACD Histogram and is also showing strong strength on the ADX Indicator wherein the +DI line has crossed the 25 level and is trading above DI & -DI line.

Recommendation
Buy or Sell Buy (Cash)
Range Rs  1070-1085
Target Rs  1150
Stop Loss Rs  1040
Duration 1 week
200 D-EMA Rs  1098
NSE Code VTL

 

Stock Pick Observation
Company AIA Engineering Limited The stock has given a bullish Symmetrical Triangle breakout on daily chart, indicating a continued upward momentum up to 1900 mark.

It is also showing strong strength on the ADX Indicator wherein the +DI line has crossed the 25 level and is trading above DI & -DI line.

Recommendation
Buy or Sell Buy (Cash)
Range Rs  1820-1840
Target Rs  1900
Stop Loss Rs  1770
Duration 1 week
200 D-EMA Rs  1632
NSE Code AIAENG