Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 December, 2014 14:48 IST
RK Global recommends strong buy on SBI for target of Rs 2,620
Source: IRIS | 10 Jan, 2013, 01.06PM
Comments  |  Post Comment

RK Global Shares & Securities recommends buying State Bank of India (SBI) above Rs 2,540 for a target of Rs 2,620 with stop loss placed on daily closing basis at Rs 2,500 from tenure of 3-4 days.

''The stock is in strong up-trend since several weeks. It closed at highest point of the day with a white body candle just above crucial support level of Rs 2,500. RSI is on strong up trending mode along with trend following indicator MACD and ADX. This suggests the stock is expected to make higher high in coming sessions, so we recommend the stock as `strong buy` for the target of Rs 2,620.''

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Panacea Biotec join hands with Rising Pharmaceuticals - 19-Dec-2014 11:59
Petron Engineering gets LoI for contract worth Rs 240 mn - 19-Dec-2014 11:49
Dr Reddy's closes acquisition of Habitrol brand from Novartis - 19-Dec-2014 11:29
JET Airways introduces 12 additional domestic frequencies - 19-Dec-2014 10:56
Balaji Telefilms joins Indus Media to enter American television market - 19-Dec-2014 10:38
Punj Lloyd gets FIPB nod for manufacture of defence items - 18-Dec-2014 19:17
FIIs can invest up to 100% in Crompton Greaves: RBI - 18-Dec-2014 18:57
FIIs can invest up to 49% in Tree House Education: RBI - 18-Dec-2014 18:40
Logistics companies to be biggest beneficiaries of GST: Allcargo Logistics - 18-Dec-2014 16:40
IVRCL inks pact with Utico FZC to sell equity stake in its arm - 18-Dec-2014 15:46
Indusind Bank allots 51,947 shares under ESOS - 18-Dec-2014 15:25
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer