Published on 29/03/2019 4:11:40 PM | Source: Religare Securities Ltd

Technical Recommendation 29-03-2019 - Religare Securities

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Stocks to watch:


BHEL (CMP:74.10) has seen positive change in Open Interest in this series compared to the last series. On the daily chart it’s price pattern and momentum indicators are suggesting further upmove. BHEL has a good support at around 68 & resistance around 82. 1. Buy BHEL between 71-72 with stop loss of 68 for target of 82.



TATAGLOBAL (CMP: 201.50) On the daily charts, the stock is trading around its crucial support zone i.e 193-195. Price movement and open interest data suggests further up move in the stock. Near term support is around 193 and resistance is at around 215. 1. Buy TATAGLOBAL between 198-199 with stop loss of 193 for target of 215.



RBLBANK (CMP: 687) On the daily charts, stock has breached its crucial resistance zone off lately. Current price pattern and oscillator indicators are suggesting it may trade with positive bias in the short term. RBLBANK has a good support at around 662 & resistance near 715. 1. Buy RBLBANK in cash between 677-680 with stop loss of 662 for target of 715.


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