by
Gautam UpadhyayaLast Updated:
Jan 19, 2018 - 04:30 am
185.8k
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TORRENT POWER - BUY
Stock
TORRENT POWER
Recommendation
The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation backed by a surge in volumes on the daily chart. The stock has also witnessed a bullish crossover on the daily MACD Histogram.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
300-303
322
287
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 Day M.A
TORNTPOWER
14562
304/171
236
IBULHSGFIN - BUY
Stock
IBULHSGFIN
Recommendation
The stock has managed to give a breakout for its sideways consolidation on the daily backed by a smart uptick in volumes. Derivative data is also suggesting fresh long build up, which is indicated by surge in price and O.I.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
1292-1304
1370
1256
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 Day M.A
IBULHSGFIN
55565
1374/741
1139
PERSISTENT-Buy
Stock
PERSISTENT SYSTEMS
Recommendation
The stock is in a strong uptrend and has managed to form a bullish engulfing candlestick pattern on the daily chart. The stock has also managed to give a double bottom breakout on the 15 min chart. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
765-770
807
742
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
PERSISTENT
6160
798/552
654
AMBUJA CEMENT - SELL
Stock
AMBUJA CEMENTS
Recommendation
The stock has formed a large bearish candle on the daily chart and has given a close below the rising trend line. The stock has also shown weakness on the daily MACD histogram.
Buy/Sell
Range
Target
Stop Loss
Sell Jan Futures
269-271
258
278
NSE Code
Market Cap(Rs in Cr)
52-week High / low
200 M.A
AMBUJACEM
53324
291/218
262
IDFC - SELL
Stock
IDFC
Recommendation
The stock has formed a large bearish candlestick on the weekly chart. It has also given a close below its 200day EMA on the daily chart. Derivative data also suggesting fresh short positions.
The week gone by was a truncated week of three trading sessions, but it was not short of any action as the index witnessed a smart recovery in three days. Nifty almost tested the previous all-time high above 22500 on the expiry day and ended just above 22300 with weekly gains of a percent.