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The stock has formed a bearish engulfing candlestick pattern in the last trading session- indicating bearishness. It can fall to Rs 883. We recommend a sell.

The stock declined in line with our expectations. The daily momentum indicators are extremely weak. We continue with our sell recommendation in this stock.

We notice that the stock has reversed five times from Rs 2,650 in the last eleven trading sessions. This is turning out to be a strong resistance for the stock. We change our recommendation to sell.

The stock has formed a gravestone doji candle stick pattern in the daily chart indicating selling pressure at higher levels. The stock is expected to fall to Rs 820 in the near-term. Sell.

After a steep up move, the stock is forming a flag pattern, which is a continuation pattern. We maintain our bullish view. Buy.

The stock is trading just above the 21-day moving average. We believe that this line would support the stock. Buy the stock if it reverses from Rs 525.

The stock is pausing near its life-time high. We expect it to move sideways for a few sessions. Wait for a move beyond Rs 2,040 before going long.

The stock continues to move lower forming lower peaks and troughs. We maintain our sell recommendation.

The near-term outlook stays positive as long as the stock stays above Rs 1,638. Buy the stock as it reverses from this support.

The stock is heading for the intermediate term support at Rs 986. Watch out for reversal from this level.

Yoganand D.

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