Two stock buy recommendations of Manas Jaiswal
Posted: Sat Mar 11, 2017 2:10 pm
What are the stocks that you are recommending?
Two buy recommendations. First is Yes Bank where the stock was facing a lot of resistance near Rs 1450-1460 for the last three weeks but this week it broke that resistance with decent volumes. I am expecting further upmove in Yes Bank. The possibility is high that the stock can test Rs 1525 very soon. Here one can take a long call and keep the stop loss below Rs 1460.
The second call is a buy on Bata. Bata is continuously taking support near the 200-day moving average and today it bounced back sharply from the lower levels. Yes the stock has some resistance near Rs 510, but looking at the pattern, this time it can break Rs 510 and the stock can touch Rs 530.
Two buy recommendations. First is Yes Bank where the stock was facing a lot of resistance near Rs 1450-1460 for the last three weeks but this week it broke that resistance with decent volumes. I am expecting further upmove in Yes Bank. The possibility is high that the stock can test Rs 1525 very soon. Here one can take a long call and keep the stop loss below Rs 1460.
The second call is a buy on Bata. Bata is continuously taking support near the 200-day moving average and today it bounced back sharply from the lower levels. Yes the stock has some resistance near Rs 510, but looking at the pattern, this time it can break Rs 510 and the stock can touch Rs 530.