5 Stocks Recommendation For Feb 25th, 2019 – Mar 1st , 2019
21 Jul 2017
Gautam Upadhyaya
1) Balkrishna Industries Ltd - Buy
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Stock
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Balkrishna Industries Ltd
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Recommendation
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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.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs850-855
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Rs892
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Rs827
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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BALKRISIND
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16543
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Rs1467/741
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Rs987
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2) REC Ltd - Buy
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Stock
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REC Ltd
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Recommendation
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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.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs131-133
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Rs139
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Rs127.8
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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RECLTD
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26068
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Rs148/89
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Rs119
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3) Mahindra & Mahindra Ltd - Buy
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Stock
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Mahindra & Mahindra Ltd
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Recommendation
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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.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs641-647
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Rs672
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Rs625
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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M&M
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80272
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Rs992/615
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Rs771
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4) Raymond Ltd - Buy
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Stock
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Raymond Ltd
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Recommendation
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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.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy (Cash)
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Rs721-728
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Rs755
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Rs705
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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RAYMOND
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4478
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Rs1151/593
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Rs806
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5) HDFC Bank Ltd - Sell
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Stock
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HDFC Bank Ltd
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Recommendation
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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.
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Buy/Sell
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Range
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Target
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Stop Loss
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Sell (March Futures)
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Rs2105-2120
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Rs2030
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Rs2164
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NSE Code
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Market Cap (in Rs cr)
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52-week high/low
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200-Day EMA
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HDFCBANK
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569029
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Rs2219/1830
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Rs2041
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Research Disclaimer