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Published on 4/11/2019 10:05:00 AM | Source: LKP Securities Ltd

Trilogy For The Month - LKP Securities

Posted in Broking Firm Views - Short Term Report| #Biocon Ltd #Bajaj Finserve ltd #LKP Securities Ltd #Can Fin Homes Ltd #Trading Report

BAJAJ FINSERV

* Stock has given a rectangular breakout with good volume hinting stock may resume its overall uptrend soon

* Stock also given a bullish flag breakout on weekly chart with good volume

* Stock is trading above all strong DMA’s like 200-100 showing strength of the stock

Recommendation

Buy BAJAJ FINSERV Ltd @ 8,385 - 8,450 SL 7,900 TGT 8,900 / 9,100 CMP 8,385

 

BIOCON

* Stock has given a double bottom breakout on daily chart and recently prices retested breakout zone hinting prices can see northward move any time soon

* Good positive divergence is witnessed on daily and weekly chart.

* Momentum indicator MACD showed positive crossover on weekly chart which is again positive sign.

Recommendation

Buy BIOCON Ltd @ 246 - 249 SL 233 TGT 265 / 273 CMP 246

 

CAN FIN HOMES

* Stock is trading in rising channel pattern on weekly chart and current prices are hovering near lower band of the channel

* Small breakout is witnessed on daily chart hinting stock is good set to move higher

* On monthly chart stock is all set to break its bullish flag pattern.

Recommendation

Buy CAN FIN HOMES Ltd @ 406 - 410 SL 385 TGT 435 / 445 CMP 406

 

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