New Delhi, April 2 -- * Chalet Hotels: Buy above Rs.850 | Stop loss Rs.825 | Target Rs.915-940

After a phase of consolidation, the trends show the inability of the stock to move higher with prices facing headwinds again. The last Q3 numbers were not encouraging. However, after the sharp selloff in the last three days, amid the weak market sentiment, is attracting bullishness. With a long-body candle highlighting a strong follow-through, we may see further bullishness. The average directional index (ADX) above 25 indicate the trends could continue higher.

* Medanta: Buy above Rs.1,235 | Stop loss Rs.1,210 | Target Rs.1,315-1,345

Overall, the momentum remains hesitant as the trends continue to show that the pullbacks are producing a stea...