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Published on 11/06/2019 11:27:28 AM | Source: Religare Securities Ltd

Technical Recommendation 11th June 2019- Religare Sec

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Apollo Hospitals Enterprise Limited (APOLLOHOSP)

TECHNICAL RATIONALE – APOLLOHOSP has surged strongly of late, after spending nearly four month around the support zone of long term moving averages. Currently, it’s taken a pause, offering fresh buying opportunity to those who missed earlier. The chart pattern and oscillators are also indicating further up move. We advise initiating fresh longs within the given range.

 

 

Recommendation

Buy Apollo Hospitals Enterprise Ltd @1370-1380 Stoploss 1330 Target 1480 CMP 1379.10

 

Bata India Limited (BATAINDIA)

TECHNICAL RATIONALE– BATAINDIA had retraced marginally from its record high and consolidated within 1300-1400 range for nearly a month. Today i.e. June 10, it has posted breakout from the same with decent rise in volume. We advise accumulating as per the mentioned levels.

 

 

Recommendation

Buy Bata India Ltd @1405-1415 Stoploss 1375 Target 1500 CMP 1420.75

 

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