Top 14 stocks to watch on Monday

M&M slipped by 3.32% and closed at Rs.1295.04. It witnessed Bearish Engulfing pattern on daily chart. Trading volume inflated by 131 percent on 8 September 2017. There could be a bearish breakout. Derivative traders were aggressive in adding short positions. Open interest gained by 12.03 %. It is trading below its recent support zone. The Near term resistance is seen around 1395.

HDFCBANK volume hiked by 77 percent in the last session. Noticeably 59% of the trades were taken for delivery. It is heading for a positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 6.12 %. This stock is currently settled above the recent resistance zone. We see short term support around 1736.

TATAELXSI witnessed Bearish Piercing pattern on daily chart. TATAELXSI volume increased by 111 percent on Friday. But largely the volumes are intraday in nature. It is heading for selling pressure. This stock is currently settled above the recent resistance zone. We see short term support around 1608.

LT gained by 3.83% and closed at Rs.1172.4. Trading volume hiked by 256 percent in the last session. It signals bullish trend formation. The momentum of the bulls is recognized by the today’s gap.This stock is currently settled above the recent resistance zone. We see short term support around 1116.

TORNTPOWER Increase by 2.57% and closed at Rs.223.6. Trading volume increased by 97 percent on 8 September 2017. Yet largely the volumes are intraday trades. It Indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 193.

GLENMARK declined by 2.99% and finished at Rs. 580.25. Trading volume inflated by 80 percent on Friday. It Indicates bearish trend. It is regularly sliding for3 days. It is trading below its recent support zone. The Near term resistance is seen around 646.

ASHOKLEY Increase by 2.9% and settled at Rs.115.15. Trading volume inflated by 147 percent on Friday. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 100.

EXIDEIND surged by 5.8% and ended at Rs.219.65. Trading volume spiked by 171 percent on 8 September 2017. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short term support around 195.

JSWENERGY surged by 7.37% and finished at Rs. 72.1. Trading volume rose by 398 percent in last trading day. It Indicates positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 61.

BIOCON advanced by 2.3% and ended at Rs.342.45. Trading volume rose by 155 percent on 8 September 2017. But most of the trades are intraday trades. It is steadily rising for 3 days. It is oscillating nearer to its resistance zone of 351.

TATACHEM witnessed star pattern on daily chart. TATACHEM volume increased by 138 percent on 8 September 2017. It Indicates resistance. This stock is currently settled above the recent resistance zone. We see short term support around 564.

BAJFINANCE dipped by 3.67% and ended at Rs.1891.2. Trading volume rose by 104 percent in last trading day. It indicates resistance. This stock is currently settled above the recent resistance zone. We see short term support around 1644.

IGL surged by 4.85% and ended at Rs.1374.9. Trading volume rose by 255 percent on Friday. It signals bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1204.

MINDTREE witnessed star pattern on daily chart. MINDTREE volume spiked by 250 percent in last trading day. There could be a bearish breakout. It is trading below its recent support zone. The Near term resistance is seen around 479.

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