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Published on 8/02/2019 4:25:28 PM | Source: Yes Securities Ltd

Yes Securities - 8 February 2019 Short Term Calls For Next 1 or 2 weeks

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* RBL Bank Ltd.

Trade – Buy | Risk Factor –

Low Stock rationale:

Stock has turned upwards after taking support at the 50-DMA which also happened to be the Fibonacci extension support zone suggesting resumption of the bull trend on cards. Therefore, a BUY recommendation.

Buy RBL Bank Ltd @ 573 - 575 Stop Loss 560 Target 596 CMP 574

 

* Syngene International Ltd.

Trade – Buy | Risk Factor –

Medium Stock rationale:

Stock is on the verge of a breakout from a downward sloping trendline resistance indicating resumption of uptrend on cards. Further, RSI is also favoring the bulls. Therefore, a BUY recommendation.

Buy Syngene International Ltd @ 613 -616  Stop Loss 588 Target 650 CMP 615

 

* Kaveri Seed Company Ltd.

Trade – Sell | Risk Factor – High

Stock rationale:

Stock has broken down from a trendline support triggering resumption of the bear trend. Therefore, a SELL recommendation.

Sell Kaveri Seed Company Ltd @560 - 556 Stop Loss 570 Target 535 CMP 558 

 

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