5 Stocks for next week: 11th Dec-15th Dec 2017
08 Dec 2017
Gautam Upadhyaya
1) ITC - BUY
Stock |
ITC |
Recommendation |
The stock is on the verge of giving a double bottom breakout on the daily chart. The stock also formed a bullish hammer formation on the weekly chart. It has also witnessed a bullish crossover on the daily MACD indicator. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
260.5-262.5 |
274 |
254 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
ITC |
318480 |
353/222 |
271 |

2) SUN TV - BUY
Stock
|
SUN TV |
Recommendation |
The stock is in a higher top higher bottom chart structure. It has formed a bullish engulfing candlestick pattern on the weekly chart. The price uptick has been backed by a smart surge in volumes. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
897-902 |
940 |
874 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
SUNTV |
35475 |
950/458 |
772 |
3) BPCL - BUY
Stock |
BPCL |
Recommendation |
The stock has given a breakout from a descending triangle formation on the daily chart. Derivative data is suggesting fresh long positions which are indicated by a surge in open interest and price. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (Cash) |
511-515 |
538 |
498 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 M.A |
BPCL |
111564 |
551/398 |
478 |

4) INDIGO - BUY
Stock
|
INDIGO |
Recommendation |
The stock has formed a large bullish engulfing candlestick pattern on the daily chart. The stock has taken support along the 200 period EMA and has given a upward bounce which has been backed by a surge in volumes. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (cash) |
1176-1183 |
1225 |
1148 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
INDIGO |
45343 |
1346/810 |
1126 |

5) CENTURY TEXTILE - BUY
Stock |
CENTURY TEXTILE |
Recommendation |
The stock is in a higher top higher bottom chart structure on the weekly chart. It has formed a bullish hammer formation on the weekly chart. Derivative data is suggesting fresh long formation in the stock which is indicated by a surge in open interest and price. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(Cash) |
1316-1322 |
1364 |
1289 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
CENTURYTEX |
14703 |
1421/668 |
1166 |

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