Rajesh Bhosale, Technical Analyst at Angel Broking has recommended trading strategies on Divi's Laboratories, Mindtree and Torrent Power. He gave following rationale for technical strategies:

1.Divi's Laboratories
View-Bullish
Last Close-Rs. 1064.15

''Post the recent high of 1220 made in the month of May the stock prices have sharply corrected lower and has met with the strong support of 200DMA coinciding with the previous bottom. At the current juncture, we are witnessing a bullish reversal candlestick pattern known as 'Bullish Engulfing' which is supported with above-average volume. In addition, momentum oscillator i.e. RSI has signalled fresh buy crossover with its smoothened moving average supporting the buy call. For the last few sessions we have witnessed an outperformance in the peer Parma stocks and we sense with the above observation the stock can see a good up move in the near term. Thus, we recommend buying this stock at current levels for a target of Rs 1155 over the next 5-10 sessions. The stop loss should be fixed at Rs 1014.''

2. Mindtree
View-Bullish
Last Close-Rs. 1044

''The stock is in uptrend continuously moving in a higher top higher bottom formation. On the daily chart, after a strong up move seen from the levels of 743 to 1100; the stock went into correction phase. For the last one month, the stock prices have been vacillating within the boundaries of two falling trend lines forming a 'Falling Channel' pattern. At the current juncture, prices have broken above the higher range confirming the resumption of prior uptrend which is supported with a good increase in volume. In addition, momentum oscillator i.e. RSI has bounced from the 48 levels which have twice acted as a springboard in last four months indicating base formation and a strong move in the counter in the near term. Thus, we recommend buying this stock at current levels for a target of Rs 1110 over the next 5-10 sessions. The stop loss should be fixed at Rs 1008.'' 

3. Torrent Power
View-Bullish
Last Close-Rs. 264.35

''During the last week of May, the stock prices witnessed a sharp up move from the levels of 208 to 271 supported with a good increase in volume. On the daily chart, post a few lacklustre sessions, the stock prices have resumed the uptrend by confirming a bullish continuation pattern known as 'Flag'. Prices are well above major moving averages i.e. 20DSMA, 50DSMA, and 200DSMA which indicate overall bullishness in the counter. Momentum oscillator i.e. RSI is headed northward well above 70 mark indicating a strong positive momentum in the stock in the near term. Thus, we recommend buying this stock at current levels for a target of Rs 295 over the next 5-10 sessions. The stop loss should be fixed at Rs 251.''

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