 "Trading calls: Buy SBI, Exide Industries, ONGC")
SBI: BUY
Target: Rs 260
Stop Loss: Rs 235
BUY above Rs 243 with Stop loss at Rs 235 & target Rs 260. Daily chart indicates that from last 5-6 trading session stock is trading in formation of higher highs -higher lows indicates potential up move. Momentum indicators such as rsi is in buy mode.
EXIDE INDUSTRIES: BUY
Target: Rs 164
Stop Loss: Rs 146
BUY above Rs 153 with Stop Loss at Rs 146 & TARGET Rs 164. The stock is keeping a positive closing above the 50/100-DMA. On the oscillator front, RSI is placed with a positive signal.
ONGC: BUY
Target: Rs 248
Stop Loss: Rs 232
BUY ABOVE Rs 238 with Stop Loss at Rs 232 & TARGET Rs 248. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ")is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. Please read Risk Disclosure Doc before Investing.
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
Target: Rs 260
Stop Loss: Rs 235
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BUY above Rs 243 with Stop loss at Rs 235 & target Rs 260. Daily chart indicates that from last 5-6 trading session stock is trading in formation of higher highs -higher lows indicates potential up move. Momentum indicators such as rsi is in buy mode.
EXIDE INDUSTRIES: BUY
Target: Rs 164
Stop Loss: Rs 146
BUY above Rs 153 with Stop Loss at Rs 146 & TARGET Rs 164. The stock is keeping a positive closing above the 50/100-DMA. On the oscillator front, RSI is placed with a positive signal.
ONGC: BUY
Target: Rs 248
Stop Loss: Rs 232
BUY ABOVE Rs 238 with Stop Loss at Rs 232 & TARGET Rs 248. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ")is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. NBSPL is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. Please read Risk Disclosure Doc before Investing.
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang