Stock Pick Observation
Company PC Jeweller The stock has given a sharp pullback after witnessing a strong rally since the start of the March series. The stock has formed a bearish Engulfing pattern on the daily chart along with an addition of fresh short positions, indicating a negative bias going into the next week.

Recommendation
Buy or Sell Sell ( Mar Futures)
Range Rs  83.5-85.5
Target Rs  80
Stop Loss Rs  87
Duration 1 week
200 D-EMA Rs  112
NSE Code PCJEWELLER

 

Stock Pick Observation
Company Tata Elxsi Limited The stock has given a strong recovery from its recent low by forming a bullish Hammer candlestick pattern on the daily chart. Tracking the hourly chart, the stock has given bullish continuation Flag pattern breakout.

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  970-980
Target Rs  1030
Stop Loss Rs  945
Duration 1 week
200 D-EMA Rs  1042
NSE Code TATAELXSI