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Published on 1/05/2018 9:41:38 AM | Source: Religare Securities Ltd

Technical Recommendation 1st May 2018 - Religare Sec

Posted in Broking Firm Views - Short Term Report| #Bajaj Finserve ltd #Trading Report #Religare Securities Ltd #Meghmani Organics Ltd

Bajaj Finserv Limited

TECHNICAL RATIONALE – BAJAJFINSV is one of the strongest counters in NBFC space and has had consistent history of noticeable performance. It has been consolidating in a range 4800-5600 for last seven months and currently trading closer to the upper band. Indications are in the favor of breakout in near future. Traders shouldn’t miss this chance.

Recommendation

Buy Bajaj Finserv Ltd @ 5410-5450 Stoploss 5280 Target 5750 CMP 5482.60

Meghmani Organics Limited

TECHNICAL RATIONALE— MEGH has formed a fresh buying pivot today i.e. on 30th April, after consolidating above the support zone of multiple moving averages on daily chart. The chart pattern also indicates strong up move ahead thus we advocate accumulating in the given range.

Recommendation

Buy Meghmani Organics Ltd @ 100-103 Stoploss 97 Target 112 CMP 103.50


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