rich 1.0 Reliance Industries: Buy| Target: Rs 1330| Stop Loss: Rs 1195| Returns 7% The stock has been consolidating for the past three trading sessions and has finally broken out from a Flag pattern on the daily chart. The price outburst has been accompanied by a smart uptick in traded volumes. The relative strength to has sustained above the 70 mark which indicates that the current move still has legs to move higher. Investors can hold on to the long positions with a stop loss at Rs 1195 on closing basis. Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. Dr Reddy’s Laboratories: Buy| Target: Rs 2822| Stop Loss: Rs 2621| Returns 5% The stock has been trading in a tight trading range for the past five weeks and has finally broken out from a consolidation pattern on the daily chart. During the consolidation phase, the stock has convincingly managed to sustain above its crucial 50-DEMA support zone. Other momentum oscillators indicate that the stock has the potential to move higher towards its target of Rs2822 in the near-term. ACC January Futures: Sell| Target: Rs 1336| Stop Loss: Rs 1462| Returns 5% The stock has formed a large bearish engulfing candlestick pattern on the daily chart. It has also failed to surpass its long-term 200-DEMA. ACC has also broken down from a trading range which it was stuck into for 3 weeks. We expect the stock to decline further in the near term. Moneycontrol Podcast https://audioboom.com/channels/4937727-moneycontrol-podcast Audioboom https://audioboom.com 480 95 https://audioboom.com/i/34270246/600x600/c 600 600 <iframe width="100%" height="95" src="https://embeds.audioboom.com/posts/7153425/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>