Stock Selection Analysis - 30-Mar-17
AMBUJACEM - This had been doing Higher Highs and Higher lows so far, until it started to rest and had a complex pullback to support zone. At this present candle, it had a volume spurt with green candle , possibly the momentum can be to upside , if breach of HIGH, LONG it is !
CASTROLIND - This is having the move along the trendline base, and took the support from there along with 2 good volume candles, the likelihood of having a 3rd candle is rare, but still it is good to have on watchlist , if break of HIGH, BUY it.
M&M - A hyper volume candle along the Fib 50% of the swing , and along the support zone, another confluent factor is trendline support jump. The formation of candle is High Wave Candle, where Bulls won.. so with this in perception, I expect the price to crack the HIGH and BUY it , TGT would be around 1360 zone.
RELIANCE - This is presently resting along the previous swing high zone which is action as support as if now, a hammer and a bull candle evident with good amount of volume, a break of HIGH, BUY it.