Unity Infraprojects Ltd.: Strong Technical Call for Short Term

Unity Infraprojects Ltd. looks very bullish on charts. Unity Infraprojects was consolidating between 105 & 115 for last 1 month and made a breakout of its previous high on very high volumes on Friday.

Technically, the scrip is currently trading above its 20 days and 50 days EMA. The 20 days EMA has just crossed over 50 days EMA. The other technical indicators are also supporting the bulls. MACD is positive and above the signal line. RSI is moving up and above its 50% level.

• BUY Unity Infraprojects Ltd. around Rs 115 with stop loss of Rs 109 for a target of Rs 124 in a week time.

•  For Short Term trade, Accumulate Unity Infraprojects Ltd. between Rs 110 – 115 for a target of around Rs 140. The scrip has very strong support at 102, which is its 200 days EMA. Scrip is very strong above 124 and likely to cross140 once it closes above 124.

Unity Infraprojects Ltd. is also fundamentally very strong. I have already recommended accumulating the scrip at Rs 110 for a short term target of Rs 140 few days back at my Blog.

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BEML: Another Short Term Technical Call

Buy BEML at CMP of Rs 996 with stop loss of Rs 980 for a target of Rs 1050 in 3-4 days. Short term target is Rs 1100.

Technically, the scrip is currently trading just below its 200 day EMA and likely to cross it soon. The stock is consolidating between 950 & 1050 for last 1 month. Scrip has very strong support at 950. Scrip is very strong above 1021 and likely to cross 1050 & could touch 1100 once it closes above 1021.

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Ashok Leyland: Technical call for very short term trading

Ashok Leyland looks very strong on charts. The stock was consolidating between 61 & 65 for last 1 month. Ashok Leyland today made a breakout of ascending triangle pattern on very high volumes.

• BUY Ashok Leyland above Rs 66.7 with stop loss of Rs 64.5 for a target of Rs 69 in 2-3 days.

• For Short Term trade, Buy Ashok Leyland around Rs 65 - 66 for a target of Rs 76+. The Scrip has very strong support at 61.5, which is its 50 day EMA. Scrip is very strong above 71 and likely to touch 80 once it closes above 71.

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