rich 1.0 State Bank of India: Buy| Target: Rs 305| Stop Loss: Rs 272| Return 7% After a sharp recovery from 245 levels, the stock surpassed its short and long-term moving averages and has been consolidating in a range of 275-295 from the last three weeks. On the daily charts, the stock has formed a bullish flag pattern and is on the verge of a breakout above the falling trend line of the pattern. The positive divergence on the secondary indicators like Rsi and stochastic are also pointing towards next upside in prices. Traders can accumulate the stock in a range of 285-290 for the upside target of 305 levels and a stop loss below 272. PVR Limited: Buy| Target: Rs 1550| Stop Loss: Rs 1350| Return 8% After making a double bottom pattern on the daily charts, the stock witnessed a “V” shaped recovery in prices and managed to hold above its short and long-term moving averages. At the current juncture, the stock has been consolidating in a range of 1370-1450 for more than ten trading sessions and has formed a rectangle pattern which is generally treated as a continuation pattern of the previous trend. Traders can accumulate the stock in a range of 1430-1445 for the upside target of 1550 levels and a stop loss below 1350. Cummins India Limited: Buy| Target: Rs 870| Stop Loss: Rs 750| Return 9% The stock has been trading in a sloping channel on the weekly charts with the formation on lower highs and lower low pattern since the beginning of the year. However, this month we have observed a breakout above the falling trend line of the sloping channel along with hefty breakout above the long-term moving averages on the weekly charts. On the daily charts as well, the stock is maintaining its up move and is trading well above its short and long-term moving averages. Traders can accumulate the stock in a range of 795-805 for the upside target of 870 levels and a stop loss below 750. Moneycontrol Podcast https://audioboom.com/channels/4937727-moneycontrol-podcast Audioboom https://audioboom.com 480 95 https://audioboom.com/i/33988937/600x600/c 600 600 <iframe width="100%" height="95" src="https://embeds.audioboom.com/posts/7099979/embed?v=202301" style="background-color: transparent; display: block; padding: 0; width: 100%" frameborder="0" allowtransparency="allowtransparency" scrolling="no" title="Audioboom player" allow="autoplay" sandbox="allow-downloads allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>