StocksIdeas for Tomorrow 15 May 2019 by Epic Research

DCBBANK – Stock outperformed well with good volumes and closed near to days high. It formed a flag pattern on the daily chart. We expect it should give breakout in upcoming trading sessions. We recommend buying above 220 for the target of 223 with the stop loss of 217.

KTKBANK – Stock was weak throughout the trading session closed near to days low with high volumes. The RSI is also indicating bearishness in the stock. It also formed an inverted flag pattern on the hourly chart. We recommend selling below 111 for the target of 109 with the stop loss of 113.

GODREJPROP – stock took the support of the trendline and the 200 EMA on the daily chart and closed near to days high with good volumes. The RSI is also indicating reversal on the daily chart. We recommend buying above 810 for the target of 820 with the stop loss of 800.

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Posted in: Indian Market Tips