RSSOFTWARE WEEKLY CHART

STRONG BUY RSSOFTWARE above 96 STOPLOSS 70 TARGET 150---200 (PURELY DELIVERY)

GRAPHICAL PRESENTATION:

TECHNICAL PRESENTATION:

Since start of the year 2015 stock has corrected from 300 level to low of 58 level in mid Jan 2016 where the counter has find some support level and from last 11 month the counter is consolidating in the price rage of 60 to 100 level. Further, the RSI Oscillator on weekly chart is indicating positive divergence from start of November month which is also coincide with MACD parameter too. So considering the above technical parameter on weekly chart we are advising our clients/Traders/Investors to but the stock after due diligence.

TVS ELECTRONICS LTD DAILY CHART

BUY TVSELECT ABOVE 176 STOPLOSS 150 TARGET 250---300 (PURELY DELIVERY )

GRAPHICAL PRESENTATION:

TECHNICAL PRESENTATION:

On daily chart, recently stock has given a sharp rally from 100 to 231 within just 14 trading session which is spectacular gain in-spite of market under performance due to demonetisation by Modi led NDA government. so if we draw an Retracement from 100 to 231 level, after touching recent new high now the stock is in profit booking mood and has taken an support at 38% retracement level which coincide at 177 on close basis. Thus we are again advising our clients to reenter if they have missed first upmove rally in this counter.