SBI Bank - CMP 338
Looking good to go long at cmp with SL 300 on closing basis.
Possible initial targets - 375/425
Reason:
1. Hidden bullish divergence
2. Retraced more then 61.8% from the top and trading near strong support area.
Dmart - Cmp 2802
Can long at cmp with sl 2600 on closing basis.
Reason:
1. Morning star candle forming at the base of the downtrend near support area.
2. Positive divergence.
Symphony - A good opportunity to go long at CMP 1182 with SL 1150 on closing basis for possible initial targets of 1320/1385/1450
Reason -
1. Favorable risk reward ratio, near to support area.
2. Rsi showing hidden bullish divergence.
Sbi Cards - Cmp 906
Can long at cmp for initial targets of 980/1135 with sl 960 on closing basis. Medium target 1200 plus.
Reason:
1. Bullish divergence in RSI
2. Favorable risk reward ratio as near to support area.