STOCK MARKET
IOC
Reco: BUY
Last Close: Rs 419
Stop Loss: Rs 409
Target: Rs 445
It has made multiple lows at Rs 403 in the last couple of days, which suggests sustained buying interest at this level. It made three outside up pattern which is a bullish sign. Price action sees a strong momentum and it is likely to witness more upside towards Rs 445. Thus, we recommend buying at current levels with a stop below Rs 409 for a rally towards Rs 445.
YES BANK
Reco: BUY
Last Close: Rs 1,778
Stop Loss: Rs 1,740
Target: 1,850
Major trend of the stock is positive and recent declines from Rs 1,860 to Rs 1,700 provides a fresh buying opportunity. It has been among the outperformer in last couple of months so a stability or a bounce back in index could start the fresh leg of rally.
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