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Published on 6/11/2018 2:46:45 PM | Source: Yes Securities Ltd

Stock Ideas 5th November 2018 - Yes Securities

Tata Steel Ltd

Tata Steel Ltd. (TATASTEEL) has turned northwards after taking support at the 78.6% Fibonacci retracement level indicating bullishness on cards (as indicated in the chart). Further, technical indicator RSI has turned up after forming a positive divergence suggesting higher levels. Hence, a BUY recommendation on the stock.

Recommendation

Buy Tata Steel Ltd @ 573-575 Stoploss 561 Target 590-605

 

Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) has broken out from a Triangle pattern on the daily chart indicating bullishness building up in the stock (as indicated in the chart). RSI has also turned down from the 30-level forming higher low affirming weakening downtrend. Hence, a BUY recommendation on the stock.

Recommendation

Buy Adani Ports and Special Economic Zone Ltd @ 332-335 Stoploss 325 Target 345-350

 

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