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Published on 7/12/2018 9:21:54 AM | Source: Yes Securities Ltd

Stock Ideas 6th December 2018 - Yes Securities

Posted in Broking Firm Views - Short Term Report| #Reliance Industries Ltd #NHPC Ltd #Trading Report #Yes Securities (India) Ltd

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NHPC Ltd

NHPC Ltd. (NHPC) is on the verge of a breakout from a consolidation pattern on the daily chart suggesting bullishness in the stock (as indicated in the chart). Further, technical indicator RSI has turned up forming a positive divergence suggesting higher levels. Hence, a BUY recommendation on the stock

Recommendation

Buy NHPC Ltd @ 26-27 Stoploss 25.50 Target 28 - 29

 

Reliance Industries Ltd.

Reliance Industries Ltd. (RELIANCE) has broken down from a channel pattern on the daily chart triggering start of a bear trend in the stock (as indicated in the chart). RSI has also turned southwards from the 60-level suggesting lower levels in the coming trading sessions. Hence, a SELL recommendation on the stock.

Recommendation

Sell Reliance Industries Ltd @ 1125-1120 Stoploss 1150 Target 1090 - 1065

 

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