HomeNewsBusinessStocksGo long in ONGC, Yes Bank; SBI may test Rs 290: Rishi Kohli

Go long in ONGC, Yes Bank; SBI may test Rs 290: Rishi Kohli

Rishi Kohli of ProAlpha Systematic Capital recommends going long in ONGC, Yes Bank while he feels that SBI may test Rs 290.

October 05, 2016 / 13:14 IST
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Rishi Kohli of ProAlpha Systematic Capital told CNBC-TV18, "ONGC continues to have even stronger signals now. So, I would go long with the target of Rs 290-295 and a stop loss of Rs 262." "State Bank of India (SBI) has full scope to go to around Rs 290 levels with a tight stop loss of around Rs 250," he said."Yes Bank very interesting, it has been in a strong uptrend over the last year and over the last six months specifically. Over the last month, there has been some correction in the stock, but again it has halted exactly at the 20-week moving average. At the top-end of a channel, it had broken out. So one can go long with target near Rs 1,400 and a stop loss of Rs 1,225."

first published: Oct 5, 2016 01:14 pm

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