Wednesday, 18 November 2015

Today’s Stock Recommendation And Technical Overview

The 30-share BSE Sensex climbed 104 points and closed at 25864 led by Relief rally in FMCG, metals and select banking & financial.

Videocon Industries will raise USD 97.20 million (about Rs 641 crore) through five year Foreign Currency Convertible Bonds (FCCBs) due in 2020.

Ajanta Pharma launched generic version of Singulair granules, used in the treatment of asthma, in the US market. 

Technical Overview:

 Stock recommendation for 18/11/2015 is Apollotyre . In today’s trading session it was up by 2.73 %. Its long term trend is up. It has made a green candle indicating reversal signal in daily chart.Its short term support level is 156.55. All the indicators are suggesting that one can go for long position in this stock above 163 levels. The stock may test level of 170-175 in coming days.


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