India Infoline Ltd. CMP - Rs 71.70

Technical Outlook & Trading Strategy:-

The share price of India Infoline has taken strong support & seems to be making a Double bottom at Rs 67- Rs 68 levels .

It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 75 / Rs 77 shortly. We recommend a buy above 72.70 with stop loss placed below Rs 70.40 levels.

Tata Global Beverage Ltd. CMP - Rs 90.60

Technical Outlook & Trading Strategy:-

The share price has taken strong support & seems to be making a triple bottom at Rs 85- Rs 86 levels It has shown a reversal bar at this level, suggesting that the bottom is in place.

We expect the stock price to continue its upward movement and believe that it could test levels of Rs 94 / Rs 96 shortly.

We recommend a buy at current price and on pullback to the level of Rs 89- Rs 88 with stop loss placed below Rs 86.80.

Dr. Reddy's Laboratories Ltd. CMP - Rs 1412.15

Technical Outlook & Trading Strategy:-

The price of Dr. Reddy has registered a breakdown to a descending triangle price pattern on weekly charts.

It should be noted that descending triangle breakdown signifies distribution and suggest price decline.

The price of Dr. Reddy can decline towards the Rs 1340/ Rs 1300 levels in the near term. The key momentum indicators are also in sell mode.

We recommend traders to sell 50% now and again in the range of Rs 1428 – Rs 1434 levels with a stop loss placed above Rs 1455.6 levels for targets of Rs 1368 – Rs 1325 levels, expected to be achieved in coming few sessions.