5 Stocks for next week: 11th Dec-15th Dec 2017
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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