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Published on 6/12/2018 2:39:39 PM | Source: Yes Securities Ltd

Short Term Picks 06 December 2018 - Yes Securities

Posted in Broking Firm Views - Short Term Report| #Trading Report #Yes Securities (India) Ltd

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The Karnataka Bank Ltd.

Trade – Buy | Risk Factor – Low

Stock rationale:

Stock is on the verge of a breakout from a wedge pattern suggesting bullishness building up. RSI has formed a positive divergence suggesting bullishness. Therefore, a BUY recommendation.

Recommendation

Buy KTKBANK Ltd @ 102-105  Stoploss 99  Target 110 CMP 103

 

Bharat Forge Ltd.

Trade – Buy | Risk Factor – Medium

Stock rationale:

Stock has turned up after taking support at the 61.8% Fibonacci retracement level suggesting short covering rally in the offing. Therefore, a BUY recommendation.

Recommendation

Buy BHARATFORG Ltd @ 524-526  Stoploss 505  Target 556 CMP 1525

 

Exide Industries Ltd.

Trade – Buy | Risk Factor – High

Stock rationale:

Stock has broken out from a W pattern triggering a bull trend. Therefore, a BUY recommendation

Recommendation

Buy OFSS  Ltd @ 3580-3590  Stoploss 3480  Target 3780 CMP 3585

 

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