Amit Harchekar, Chief Technical Strategist at A PLUS Analytics told CNBC-TV18, "First buy call is going long on ITD Cementation. Now, this stock has given a flag breakout on the weekly chart and this chart is indicating that stock could be heading towards the zone of Rs 125-130 at least in next five to six trading sessions.""Good thing is a lot of follow up buying is taking place between the zone of Rs 102 and Rs 103 levels, so we believe one can maintain a stoploss of Rs 100 and play for a target of at least Rs 120 for next few trading sessions," he added."Bata India is trading with a positive divergence in RSI. Strong base build up has happened between the zone of Rs 475 and Rs 480 levels, so we believe this stock has a very limited downside from these levels. Even in case there is a correction in this market, the stock may not go below Rs 475-480 zone. Hence, we would recommend going long at current levels, maintain a stoploss of Rs 468 and play for target of Rs 528 on the upside," he said.
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