Article

5 Stocks Recommendation For Feb 25th, 2019 – Mar 1st , 2019

07 Aug 2019 Gautam Upadhyaya

1) Balkrishna Industries Ltd - Buy

Stock

Balkrishna Industries Ltd

Recommendation

The stock has witnessed a breakout from its sideways consolidation backed by an uptick in volumes on the daily chart. It has also shown positive momentum on the daily MACD-Histogram, an indication that the uptrend will continue in the short term.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs850-855

Rs892

Rs827

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

BALKRISIND

16543

Rs1467/741

Rs987

 

 

2) REC Ltd - Buy

Stock

REC Ltd

Recommendation

The stock has witnessed a consolidation breakout backed by an uptick in volumes on the weekly chart. Derivative data indicates fresh long positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs131-133

Rs139

Rs127.8

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

RECLTD

26068

Rs148/89

Rs119

 

 

3) Mahindra & Mahindra Ltd - Buy

Stock

Mahindra & Mahindra Ltd

Recommendation

The stock has witnessed a rounding bottom formation and has managed to close above its 10-DEMA, short-term resistance level on the daily charts. It has also formed a bullish hammer candlestick on the weekly charts.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs641-647

Rs672

Rs625

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

M&M

80272

Rs992/615

Rs771

 

 

4) Raymond Ltd - Buy

Stock

Raymond Ltd

Recommendation

The stock has witnessed a breakout above its resistance levels backed by an uptick in volumes on the daily charts. It has also shown strong momentum on the daily MACD-Histogram.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs721-728

Rs755

Rs705

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

RAYMOND

4478

Rs1151/593

Rs806


5) HDFC Bank Ltd - Sell

Stock

HDFC Bank Ltd

Recommendation

The stock has formed a bearish engulfing candlestick pattern backed by an uptick in volumes on the daily chart. Derivative data indicates fresh short positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

Rs2105-2120

Rs2030

Rs2164

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

HDFCBANK

569029

Rs2219/1830

Rs2041

 

 

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5 Stocks Recommendation For Feb 25th, 2019 – Mar 1st , 2019

07 Aug 2019 Gautam Upadhyaya

1) Balkrishna Industries Ltd - Buy

Stock

Balkrishna Industries Ltd

Recommendation

The stock has witnessed a breakout from its sideways consolidation backed by an uptick in volumes on the daily chart. It has also shown positive momentum on the daily MACD-Histogram, an indication that the uptrend will continue in the short term.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs850-855

Rs892

Rs827

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

BALKRISIND

16543

Rs1467/741

Rs987

 

 

2) REC Ltd - Buy

Stock

REC Ltd

Recommendation

The stock has witnessed a consolidation breakout backed by an uptick in volumes on the weekly chart. Derivative data indicates fresh long positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs131-133

Rs139

Rs127.8

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

RECLTD

26068

Rs148/89

Rs119

 

 

3) Mahindra & Mahindra Ltd - Buy

Stock

Mahindra & Mahindra Ltd

Recommendation

The stock has witnessed a rounding bottom formation and has managed to close above its 10-DEMA, short-term resistance level on the daily charts. It has also formed a bullish hammer candlestick on the weekly charts.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs641-647

Rs672

Rs625

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

M&M

80272

Rs992/615

Rs771

 

 

4) Raymond Ltd - Buy

Stock

Raymond Ltd

Recommendation

The stock has witnessed a breakout above its resistance levels backed by an uptick in volumes on the daily charts. It has also shown strong momentum on the daily MACD-Histogram.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

Rs721-728

Rs755

Rs705

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

RAYMOND

4478

Rs1151/593

Rs806


5) HDFC Bank Ltd - Sell

Stock

HDFC Bank Ltd

Recommendation

The stock has formed a bearish engulfing candlestick pattern backed by an uptick in volumes on the daily chart. Derivative data indicates fresh short positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

Rs2105-2120

Rs2030

Rs2164

NSE Code

Market Cap (in Rs cr)

52-week high/low

200-Day EMA

HDFCBANK

569029

Rs2219/1830

Rs2041

 

 

Research Disclaimer