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Published on 7/12/2018 2:17:27 PM | Source: Yes Securities Ltd

Short Term Picks 07 December 2018 - Yes Securities

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Siemens Ltd.

Trade – Buy | Risk Factor – Low

Stock rationale:

Stock is on the verge of a breakout from a trendline resistance suggesting bullishness building up. RSI has formed a positive divergence suggesting bullishness. Therefore, a BUY recommendation.

Recommendation

Buy Siemens Ltd @ 943-947 Stoploss 915 Target 995 CMP 945

 

Zee Entertainment Enterprises Ltd.

Trade – Buy | Risk Factor – Medium

Stock rationale :

Stock has turned up after taking support at the 38.2% Fibonacci retracement level suggesting short covering rally in the offing. Therefore, a BUY recommendation.

Recommendation

Buy Zee Entertainment Enterprises Ltd @ 478-480 Stoploss 462 Target 505 CMP 479

 

Gujarat State Fertilizers & Chemicals Ltd.

Trade – Buy | Risk Factor – High

Stock rationale :

Stock has broken out of a channel pattern triggering resumption of the bull trend. Therefore, a BUY recommendation.

Recommendation

Buy Gujarat State Fertilizers & Chemicals Ltd @ 104-106 Stoploss 101 Target 112 CMP 105

 

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