MARCH 10: TVS Electronics is improving its technical position by moving above its short-term resistance level. The stock has also formed a good base, and appears positive. One can take a long position at current levels with a stop loss of Rs 255. On the upper side, the stock has a resistance at Rs 315.Max India is another counter which appears positive, and is likely to show an uptrend. The stock has a good base at Rs 740, which can be used as stop loss. The last support for the stock exits at Rs 680. On the upper side, the stock has a resistance at Rs 880.
The outlook for Jaiprakash Industries is also bullish. The stock has moved above its short-term resistance effortlessly which is a good sign. Other indicators have also given a bullish signals.
Overall, the stock is likely to do well in the near future. Long positions can be taken at the current level with a stop loss of Rs 64. On the upper side, the stock has a resistance in the region of Rs 85.
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