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