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Published on 2/12/2019 9:13:33 AM | Source: LKP Securities Ltd

Trilogy For The Month - LKP Securities

Posted in Broking Firm Views - Short Term Report| #Atul Auto Ltd #LKP Securities Ltd #Cyient Ltd #Trading Report #IDFC Bank Ltd

ATUL AUTO

* Stock has given breakout from ascending triangle pattern with incremental volume

* On four hour chart stock also given double bottom breakout which is also strong bullish reversal pattern buy nature

* Good positive divergence is witnessed on weekly chart which is considered being early reversal sign.

Recommendation

Buy ATUL AUTO Ltd @ 249-254 SL 234 TGT 272/282 CMP 249

 

CYIENT

* Stock has formed bullish AB=CD harmonic pattern on weekly chart which is bullish reversal pattern by nature

* On daily chart stock has given small range breakout

* Good positive divergence is witnessed on weekly chart.

Recommendation

Buy CYIENT Ltd @ 404-410 SL 385 TGT 430/440 CMP 404

 

IDFC FIRST BANK

* Stock has given strong double bottom breakout with huge volume on multi time frame charts.

* On daily chart stock also given inverse head and shoulder pattern breakout

* Good positive divergence is witnessed on daily chart

Recommendation

Buy IDFC FIRST BANK Ltd @ 47-48 SL 44 TGT 51/53 CMP 47

 

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