Oct 08, 2013, 12.11 PM IST
According to Kunal Bothra of LKP, one may buy YES Bank with a target of Rs 350 and Canara Bank with a target of Rs 246.
Like this story, share it with millions of investors on M3
Buy YES Bank, Canara Bank, Union Bank: Kunal Bothra
According to Kunal Bothra of LKP, one may buy YES Bank with a target of Rs 350 and Canara Bank with a target of Rs 246.
Like this story, share it with millions of investors on M3
Buy YES Bank, Canara Bank, Union Bank: Kunal Bothra
According to Kunal Bothra of LKP, one may buy YES Bank with a target of Rs 350 and Canara Bank with a target of Rs 246.
YES Bank is trading above the 50-day moving average (DMA). It made a good recovery yesterday. However, I believe that probably if a break of Rs 317-318 happens today, one can look at an intraday target of Rs 350 especially based on the kind of event, which happened yesterday after market closed. A stoploss for today on YES Bank is at Rs 310.
Canara Bank is an interesting stock because most of the public sector undertaking (PSU) stocks look probably slightly weaker on charts in comparison with the private banks. The stock is forming an inverse head and shoulder chart formation. It is taking a good support around that 50 DMA. The volumes for the last couple of days, especially have been sort of picking up slowly and steadily. So my sense is that the stock could probably witness a breakout of this neckline of head and shoulder pattern, which is around Rs 234-235. I believe if that happens, the stock could see a very strong upside. My target for Canara Bank on an intraday level is Rs 246 and stoploss is at Rs 230.
Union Bank of India is trading with a very good short-term bullish formation especially forming an inverse head and shoulder. The neckline is around Rs 115. Yesterday it managed to just touch that level of Rs 114-115 levels but I believe if the momentum continues today then one could see the stock probably heading towards Rs 120 which is my intraday target. Stoploss for the stock is at Rs 110.
One may buy Oriental Bank of Commerce with a target price of Rs 160 and a stoploss at Rs 150.
Anda sedang membaca artikel tentang
Buy YES Bank, Canara Bank, Union Bank: Kunal Bothra
Dengan url
https://rokokkanker.blogspot.com/2013/10/buy-yes-bank-canara-bank-union-bank.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy YES Bank, Canara Bank, Union Bank: Kunal Bothra
namun jangan lupa untuk meletakkan link
Buy YES Bank, Canara Bank, Union Bank: Kunal Bothra
sebagai sumbernya
0 komentar:
Posting Komentar