Chalet Hotels gained nearly 4 percent to Rs 367, forming strong bullish candle on the daily charts with robust volumes. The stock continued higher high formation for fifth consecutive session.

The trend will likely remain positive as long as the Nifty stays above 17,700

Moneycontrol Analysis of BSE 500 Stocks shows that the MFs are increasing their stake through the last four quarters in about 68 stocks. The overall sentiment, however, turned weak after many of these stocks yielded negative returns but there are six stocks that churned out over 50 percent return

As long as the Nifty trades above 15,500, one should continue to trade with a positive bias and look for stock-specific buying opportunities during the week, says Ruchit Jain, of 5paisa.com

Trend of KEC International turned positive as stock price has formed higher top higher bottom candlestick pattern on the daily chart. Primary trend of the stock turned positive as stock price has closed above 200 days EMA.

Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up

This is follow-up on Chalet Hotels. Can check link to related ideas. Target 1 achieved. More than 20%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.