BUY DHFL ABOVE 570 TGT 576/590 SL 560
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Market summary 13 APRIL 2018: Benchmark indices traded almost unchanged on Monday morning after recovering from a steep decline at open, tracking mixed Asian equity markets as investors assessed that the likelihood the fallout of an American-led strike on Syria could be contained.Infosys Ltd shares fell as much as 6%.Tata Motors Ltd shares declined over 2%.UCO Bank shares sank 14% to Rs21
576 ; Overall trend of the stock is bullish and after experiencing correction . as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 64, one may expect the targets of 576/580/590 in the stock if it manages to sustain above the immediate support level of 570.
DHFL: Primary trend of the DHFL is bullish and after giving breakout of
its range bound movement of 570, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 576 ; Overall trend of the stock is bullish and after experiencing correction . as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 64, one may expect the targets of 576/580/590 in the stock if it manages to sustain above the immediate support level of 570.
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