Technical Stock Pick - Automotive Axles :: HDFC Sec

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 The stock is showing positive bias for the short term.
 Trend line breakout has been witnessed with good volume
which indicates bulls are in momentum.
 The stock has managed to close above upper Bollinger band;
this adds strength to the bulls.
 In addition price has been forming high tops and higher
bottoms on the daily chart which is a bullish continuation
pattern.
 Overall price has started new bull run towards 100% & 138.2%
levels of last two legs i.e placed at 810 – 870 respectively.
 Traders could buy the stock between CMP to 705 with the
stoploss of 670 on closing basis for the targets of 810 - 870.

LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3009572