These stocks show positive momentum

1. Gujarat Gas Limited

Likely target: Rs 675 and Rs 685

Upside potential: 2.90% and 4.42%

This stock is witnessing a firm positive momentum even in the overbought category of the Relative Strength Index (RSI), as per the daily chart. Further, it needs to defend the support range of Rs 623 to Rs 618 levels to see an upward breakout towards Rs 675.

2. India Cements Ltd 

Likely target: Rs 205 and Rs 211

Upside potential: 4.50% and 7.50%

This stock is showing a short-term breakout on the horizontal trend line resistance at Rs 192 levels. The move is also supported by volumes, which supportive of the breakout, as per the daily chart. Further, as long as the support of Rs 188 is defended on the closing basis, the positive sentiment may see a rally towards Rs 205 and Rs 211 mark.

3. Chambal Fertilizers & Chemicals Limited

Likely target: Rs 330 and Rs 340

Upside potential: 5% and 8.50%

This is attempting to decisively conquer the resistance of Rs 310. This positive move may see a breakout towards Rs 330 and Rs 340 levels. The medium-term trend has a support of Rs 280 levels while the immediate support comes at Rs 300 level, as per the daily chart. The volumes are also indicating increased interest of market participants.

4. Asian Paints Ltd

Likely target: Rs 3,150 to Rs 3,300

Upside potential: 3% and 7.50%

This stock has broken out of the resistance of Rs 3,000 levels with the up move indicating a rally towards Rs 3,150 to Rs 3,300 levels. The stock is witnessing buying sentiment in the overbought category of RSI, suggesting a firm underneath strength in stock price, as per the daily chart. The current immediate trend suggests "Higher High, Higher Low" formation.