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Published on 11/01/2019 10:44:35 AM | Source: Yes Securities Ltd

Stock Ideas 11th January 2019 - Yes Securities

Posted in Broking Firm Views - Short Term Report| #Bosch Ltd #KPIT Technologies Ltd #Trading Report #Yes Securities (India) Ltd

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Bosch Ltd

Bosch Ltd. (BOSCHLTD) has broken out from a pennant resistance on the daily chart indicating resumption of the bull trend (as indicated in the chart). Further, it has turned higher after taking support at its major moving averages confirming bullishness. Technical indicator RSI has turned north after taking support at the 50-level suggesting higher levels. Hence, a BUY recommendation on the stock

Recommendation

Buy Bosch Ltd @ 19650-19750 Stoploss 19450 Target 20100 - 20700

 

KPIT Technologies Ltd

KPIT Technologies Ltd. (KPIT) has broken down from a bearish Flag pattern neckline on the daily chart suggesting resumption of corrective wave (as indicated in the chart). Further, it has turned down from the 38.2% Fibonacci retracement level indicating lower levels. RSI is also favouring the bears. Hence, a SELL recommendation on the stock.

Recommendation

Sell KPIT Technologies Ltd @ 206-204 Stoploss 210 Target 198 - 194

 

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