Technical Calls: Bullish on Infosys, Bank of Baroda, Jubilant Foodworks

INFOSYS

View - Bullish

Last Close (NSE) – Rs 1149.00

The stock is making new highs and has broken out of a flag formation on the daily charts with a target of 1240 in the coming 6-8 trading sessions. Traders can go long at the current levels with the stop loss of 1105 and target of 1240.

JUBILANT FOODWORKS

View - Bullish

Last Close (NSE) – Rs 1820.00

The stock has made a reversal pattern on the daily charts initiating a short term up trend. Traders can go long at the current levels with a stop loss of 1765 and a target of 1864 which can be achieved in the coming 2-4 sessions .

CHENNAI PETROLEUM CORPORATION

View - Bullish

Last Close (NSE) – Rs 239.00

The stock has given a strong break out from a long consolidation zone and after a sharp move up wards it is currently in a side ways mode. Traders can go long with a stop loss of 228 and target of 260.

BANK OF BARODA

View - Bullish

Last Close (NSE) - 184.40

The share, after consolidating, has given a breakout above its 200 DMA (181), traders can go long with a stop loss of 175 and target of 196 in 6 - 8 sessions.

VEDANTA

View - Bearish

Last Close (NSE) - 107.15

The share has given a mild recovery from highly oversold territory which might not sustain. Traders can go short at 109 with a stop loss of 116 and target of 98.