Rajesh Bhosale, Technical Analyst at Angel Broking has recommended trading strategies on Rajesh Bhosale on how to trade in Godrej Industries, Coal India and Container Corporation of India. He gave following rationale for technical strategies:

 1. Godrej IndustriesView-BearishLast Close-Rs. 544.15

''Post a sharp fall seen in the January month from the high of 640 to 540 the stock prices traded in a narrow range for the last two weeks. On the daily chart, we are now witnessing a breakdown from the mentioned narrow range confirming a bearish continuation breakdown known as 'Pennant'. Momentum RSI on the daily chart is heading southwards well below the 30 mark; indicating further weakness in the near term. Prices continue to trade below its major moving averages i.e. 20SMA, 50SMA, and 200SMA which indicate overall weakness in the counter. Thus, we recommend selling this stock at current levels for a target of Rs 512 over the next 5-10 sessions. The stop loss should be fixed at Rs 560.''

2. Coal India View-BullishLast Close-Rs. 310.40

''The stock is in an uptrend continuously moving in a 'Higher Top Higher Bottom' prices formation. Technically, we are now witnessing a multiple pattern bullish breakout with prices closing above the 310 levels. On the daily chart, we are witnessing a bullish continuation 'Symmetrical Triangle' breakout whereas on the higher time frame weekly chart we are witnessing a bullish 'Head n Shoulder' breakout. Moreover, the above said breakouts are supported with a good increase in volume.  Thus, we recommend buying this stock at current levels for a target of Rs 337 over the next 5-10 sessions. The stop loss should be fixed at Rs 297.'' 

3. Container Corporation Of IndiaView-BearishLast Close-Rs. 1290.45

''On the daily chart, we are witnessing a bearish breakdown from an ascending trend line which acted as support for last six months. The said breakdown is supported by the negative divergence seen in the RSI indicating distribution at higher levels. In addition, we are witnessing a bearish crossover with 20SMA crossing 50SMA from above. Looking at all the above scenario we sense further weakness in the counter in the near term. Thus, we recommend selling this stock at current levels for a target of Rs 1218 over the next 5-10 sessions. The stop loss should be fixed at Rs 1326.''

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