Buy RBL Bank, Siemens and Century Textiles, says Religare Securities

Here are three trading ideas for Tuesday's trade by brokerage Religare Securities:

RBL Bank

Rec: BUY
 

Last Close: Rs 517.70

Initiation range: Rs 512-516

Target: Rs 545

Stoploss: Rs 500

RBL BANK, after retracing from its record high, has consolidated around the support area of 100-EMA on the daily chart and has formed a fresh buying pivot. The chart pattern combined with indications from the oscillators is pointing towards strong surge ahead. Thus we suggest traders to accumulate fresh long in the given range.

Siemens Limited

Rec: BUY
 

Last Close: Rs 1344.15

Initiation range: Rs 1328-1335

Target: Rs 1410

Stop loss: Rs 1295'

After a strong surge, Siemens has been witnessing profit-taking