BUY IRCTC | TARGET: Rs 1,550 | STOP LOSS: Rs 1,409 The stock has breached a falling channel with higher than average volumes on the daily chart. It has also surpassed its 50-DMA which will now act as an immediate support. The momentum indicators and oscillators have reached the oversold territory and are showing signs of reversal. Based on the above rationale, we can expect the stock to make an attempt to fill the gap which is placed near 1,550 levels. BUY HINDPETRO | TARGET: Rs 235 | STOP LOSS: Rs 214 The stock has formed a bullish engulfing candlestick pattern along with a tweezer bottom at 214 levels on the daily chart. It has reached the lower band of the Bollinger band which is likely to act as an immediate support. It is trading well above its short-term and long-term moving averages. The momentum indicator and oscillators are also very well in the buy mode on the weekly scale, which hints of a strong reversal on the higher side.