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Published on 9/02/2019 5:08:36 PM | Source: LKP Securities Ltd

Trilogy For The Month - LKP Securities

Posted in Broking Firm Views - Short Term Report| #Dabur India Ltd #Bharat Forge Ltd #Ceat Ltd. #LKP Securities Ltd #Trading Report

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DABUR INDIA

*Stock has given Cup and Handle breakout on daily chart with huge volume

* On weekly chart stock has given bullish flag breakout and stock is moving in V shape recovery

* Some positive MA cross over has seen on daily chart suggesting strength.

Recommendation

Buy DABUR INDIA Ltd Below @ 451.50- 455 Stoploss 426 Target 478 / 490 CMP 451.50

 

BHARAT FORGE

* Stock has formed bullish AB-CD pattern on weekly chart which is consider being strong bullish reversal by nature

* Positive divergence is witnessed on daily chart which is again early bullish reversal sign

* On weekly chart stock showed strength from its demand zone and we witnessed some reversal candle suggesting near term bottom is formed.

Recommendation

Buy BHARAT FORGE Ltd Below @ 496.35 - 500 Stoploss 470 Target 520 / 530 CMP 496.35

 

CEAT

* Stock is formed bullish bat harmonic pattern on daily chart which is bullish reversal by nature

* On daily chart stock formed morning star candle pattern which is also bullish reversal by nature

* Positive divergence is witnessed on intraday charts suggesting near term bottom is formed.

Recommendation

Buy CEAT Ltd Below @1,102.15 - 1,110 Stoploss 1,055 Target 1,155 / 1,175 CMP 1,102.15

 

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