The request extended earnings for the third successive session with the Nifty50 rising further than 50 points to close above and the BSE Sensex climbing over 200 points to breach the situations on January 11. The rally was supported by IT and elect banking and financials stocks. 

  But the broader requests ended flat with a positive bias. The Nifty Midcap 100 and Smallcap 100 indicators gained0.09 percent and0.06 percent. 

 Stocks that were in focus include HCL Technologies, which was the biggest killer in the Nifty50, rising4.31 percent to Rs, and Coffee Day Enterprises which was locked in 20 percent upper circuit at Rs51.75 on Tuesday and further than doubled in the last four-and-a-half months.  

 RHI Magnesita India and Affle India were also in focus on Tuesday which both ended at record ending highs, rising7.09 percent to Rs413.15 and climbing6.07 percent to Rs independently on the NSE. 

 Then is what Mazhar Mohammad ofChartviewindia.in recommends investors should do with these stocks when the request resumes trading moment  

 This leading supplier of high- grade refractory products proved to be a 4- bagger from March 2020 lows of Rs 108 situations. In the current week, it seems to have registered a fresh rout after 16 weeks of corrective and connection phase to formerly again trade in the uncharted homes. 

 Also, for the last 56 weeks, it appears to be moving in a well- defined thrusting channel and interestingly the current strong move is coming after a couple of weeks of connection around demand line of the said channel. 

  Hence, as long as it sustains above Rs 400 situations, one can anticipate advanced targets placed around Rs 500 situations. Thus, positional dealers can hold with a stop- loss below Rs 400 situations on closing base and look for targets of Rs 490 where as fresh buying should be considered on dip clos to Rs 410 situations. 

 Strong up move of last trading session hints that the recent correction, from the highs of Rs to Rs, is over and this counter has proceeded its over- move. In that script, originally it can head to test its life time highs of Rs situations and beyond that a advanced target close to Rs can not be ruled out.  

 Still, this strong over- move can be in expectation of forthcoming results and hence it may remain unpredictable and any disappointment on the results frontal shall weaken this counter. Technically, weakness shall renew on a near below the Rs situations. 

This counter appears to be in a strong long- term uptrend as it managed to keep its head above the water with harmonious new highs. The strong over- move of last trading session, after a brief four- day connection, is only pointing towards durability of its upswing.  

 Hence, sustaining above the Rs situations, grounded on line studies on long- term maps, a advanced target of Rs can be anticipated. Positional dealers can hold and any mild dip can be an occasion to produce fresh longs with a stop below Rs situations. 

This counter appears to have registered a connection rout as it witnessed a large upswing on the reverse of massive volumes in the last trading session. Still, as long- term trend is down, it needs to clear its immediate chain present around Rs 54 situations.  

 In that script, a bare minimal target of Rs 80 can be anticipated as it’s yet to retrace a bare minimum 23 percent of its entire fall from the 2019 highs of Rs 318 to June 2020 lows of Rs 14. 

 Thus, positional dealers can remain invested with a stop- loss below Rs 44 situations, whereas dips around Rs 46 can be considered as an occasion to produce fresh longs.