Graphite India which had stellar upmove in 2017-18 giveup most of its gain in 2019-20 and dropped all the way from 1200 to 103. After dropping to level of 103 stock moved up to 255 and came back to level of 160. This level of 160 is near 62% retracement of previous rally and stock has also formed double bottom around the levels. On friday price tried to move above...
Lapathlabs has recently broken the resistance level around 1850 and moved up beautifully. After a rally of around 150 points, it has come down to the support levels and hovering around the region for past 4 sessions. If stocks moves on higher side, it has potential to go up to 2500. Ideal stop loss would be below 1800.
CROMPTON is providing a short term trading opportunity with buy price on break of 266.8 and Stop loss below 238. It has potential to go upto 332.
HINDZINC which was trading in downtrend from April 2018 has broken the trend line with good volumes. Also it coincides with short term resistance level at 225. One can look to go long in HINDZINC with Stop loss of below 193.