R - power
1. R - power is coming out of an accumulation zone with a after spending a long time in the range of 60-70, The patterns are showing a move to 100-110 within 6 months time frame with a stop below 65 on closing basis. The stock is trading above the major moving averages with the successful break out from a symmetrical triangle with decent volume.
TATA Chemicals
2 . TATA Chemicals - The underdog from the fertilizers space has been giving a rounding bottom formation in the daily chart with a good upside potential close to 315-325 within 6 months time frame with a closing stop below 235. Delivery volumes were extremely good and any dip close to the support zone or a breakout above 255 zone is a buying opportunity
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