The IPO is entirely an offer for sale of 12 million shares; promoter entities Anand Rathi Financial Services, Anand Rathi and Amit Rathi are selling
FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame
LUPIN has corrected over 25 per cent from its 52 weeks high and is currently placed near its historical demand zone of 900 odd levels
On the daily time frame, the stock of BSE is on the verge of providing an 'Inverted Head & Shoulder' pattern breakout affirming the bullishness
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
Top buy and sell ideas for the day
The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA
JM FINANCIAL has re-tested the breakout zone of the recently made 'cup & Handle' pattern on the daily chart
The stock of Laurus Labs is primarily in an uptrend and maintains the cycle of higher highs higher lows on all time frames
Anand Rathi Wealth files DRHP with Sebi, IPO will be pure offer for sale
The secular uptrend in KIE Industries' stock has proved all minor corrections to be good accumulation points for the bulls
FDC is in secular uptrend and is in the cycle of higher highs higher lows suggesting inherent strength in the counter
Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame
Motherson Sumi's stock has seen some buying interest in the past trading sessions and settled well above all its major moving averages on the daily time frame
Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
Voltas stock is consolidating near the neckline of the Inverted Head & Shoulder pattern on the daily time frame and is expected to rebound from here onwards
Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone