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NHPC Ltd. (NHPC) is on the verge of a breakout from a consolidation pattern on the daily chart suggesting bullishness in the stock (as indicated in the chart). Further, technical indicator RSI has turned up forming a positive divergence suggesting higher levels. Hence, a BUY recommendation on the stock
Buy NHPC Ltd @ 26-27 Stoploss 25.50 Target 28 - 29
Reliance Industries Ltd.
Reliance Industries Ltd. (RELIANCE) has broken down from a channel pattern on the daily chart triggering start of a bear trend in the stock (as indicated in the chart). RSI has also turned southwards from the 60-level suggesting lower levels in the coming trading sessions. Hence, a SELL recommendation on the stock.
Sell Reliance Industries Ltd @ 1125-1120 Stoploss 1150 Target 1090 - 1065
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