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Trade Spotlight: How should you trade SBI Life, KPIT Tech, Petronet LNG, Colgate, Jindal Steel and others on Friday?

Money Control · 23d

- SBI Life Insurance Company: Consolidation within a rangebound structure suggests a bullish continuation chart pattern. Buy with a target of Rs 1,940 and a stop-loss of Rs 1,750. - Hindustan Zinc: Trading in a rangebound mode, likely to break out of its rectangle formation for a new upward move. Buy with a target of Rs 560 and a stop-loss of Rs 500. - KPIT Technologies: Trading near multiple support zones, rebound expected to gain further bullish momentum. Buy with a target of Rs 1,790 and a stop-loss of Rs 1,610. - Petronet LNG: Rounding bottom formation, crossed 50 DEMA, bullish Marubozu candle implies dominance by bulls. Buy with a target of Rs 390 and a stop-loss of Rs 352. - Tata Chemicals: Broke out of falling supply trendline, buying interest visible in the chemicals space. Buy with a target of Rs 1,185 and a stop-loss of Rs 1,105. - Colgate Palmolive: Strong uptrend, bullish candle formation, positive RSI indicating ongoing upward move. Buy with a target of Rs 4,000 and a stop-loss of Rs 3,750. - Infibeam Avenues: Broke out of ascending triangle with increased volume, RSI trending upward. Buy with targets of Rs 40 and Rs 45, and a stop-loss at Rs 29. - JK Paper: Taking support from the rising trendline, potential breakout with increased volume. Buy with targets of Rs 560 and Rs 600, and a stop-loss at Rs 420. - HBL Power Systems: Showing reversal signs, increased volume, potential for breakout. Buy with targets of Rs 800 and Rs 840, and a stop-loss at Rs 580. - Jindal Steel and Power: In fifth impulsive wave, price trading above moving averages, increasing volume. Buy with targets of Rs 1,100 and Rs 1,300, and a stop-loss at Rs 999. - BF Utilities: Took support at Fibonacci level, increasing volume on buying days, positive RSI. Buy with targets of Rs 1,150 and Rs 1,320, and a stop-loss at Rs 890.