5 Stocks for next week (28th Aug-1st Sep)
24 Aug 2017
Gautam Upadhyaya
Untitled Document
Aurobindo Pharma - Buy
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Stock
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Aurobindo Pharma Ltd
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Recommendation
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The stock has given a breakout from a symmetrical triangle formation on the daily chart; the breakout has been backed by a surge in volumes. Positive crossover on the MACD further accentuates our bullish view on 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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728-732
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777
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695
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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524804
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AUROPHARMA
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42,921
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895/504
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687
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Bajaj Finserv- Buy
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Stock
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Bajaj Finserv
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Recommendation
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The stock has given a breakout from its sideways consolidation of the past three weeks; the stock is currently trading at its all time high and is in a higher top higher bottom chart structure. We expect the uptrend to continue.
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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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5490-5510
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5900
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5210
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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532978
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BAJAJFINSV
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87,582
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5523-2515
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4019
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Bharat Electronics- Buy
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Stock
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Bharat Electronics
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Recommendation
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The stock has managed to give a flag pattern breakout on the daily chart. Volumes have also supported the price outburst, which affirms our positive stance on 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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186-188
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198
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180
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500049
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BEL
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41,947
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189/118
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161
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Gruh Finance- Buy
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Stock
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Gruh Finance
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Recommendation
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The stock has form a bullish engulfing pattern on the daily chart. Also, it has managed to give a breakout on the weekly chart. A closing at its all time high further accentuates our positive view on 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 Aug Futures
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508-512
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546
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486
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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511288
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GRUH
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18,681
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515/270
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403
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Bosch Ltd – Sell
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Stock
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Bosch Ltd
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Recommendation
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The stock has shown weakness over the past few trading session. The stock has also given a breakdown from the descending triangle formation on the daily chart and is currently trading below its 200-EMA.
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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(Aug Futures)
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21740-21770
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20880
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22490
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500530
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BOSCHLTD
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66,145
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25649/18005
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22904
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Disclaimer: https://www.5paisa.com/research/disclaimer