Article

5 stocks for next week 12th-16th March 2018

09 Mar 2018 Gautam Upadhyaya

 

1) Bosch LTD- Buy

Stock

BOSCH LTD

Recommendation

The stock has witnessed a positive bounce after forming a bullish hammer candlestick pattern on the daily chart. Derivative data also indicate fresh long formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

18170-18210

18990

17708

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

BOSCHLTD

5548

25245/17700

20730


 

 

2) EICHER MOTORS– Buy

Stock

EICHER MOTORS

Recommendation

The stock has managed to give a breakout from sideways consolidation on the daily and weekly charts. The stock has also shown good strength on the daily MACD histogram which affirms our bullish view of it.

Buy/Sell

Range

Target

Stop Loss

Buy

27920-27970

29100

27180

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

EICHERMOT

75990

33483/23631

28450


 

 

3) INDRAPRASTHA GAS LTD-Sell

Stock

INDRAPRASTHA GAS LTD

Recommendation

The stock has witnessed a breakdown below the rising trend line on the daily chart. The stock is also on the verge of witnessing a bearish crossover on the daily MACD indicator. Derivative data suggest fresh short formation.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

299-302

282

312.4

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

IGL

21210

345/193

280


 

 

4) PETRONET LNG- Sell

Stock

PETRONET LNG

Recommendation

The stock has given a breakdown below its support levels on the weekly chart. The stock has also given a close below its 200-day EMA, which affirms our negative outlook on the scrip.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

231-234

220

241.2

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PETRONET

34575

458/198

235


 

 

5) SAIL- Sell

Stock

SAIL

Recommendation

The stock has witnessed a breakdown on the weekly chart which has been backed by a surge in volumes. The stock has also given a close below its 200-day EMA and has shown weakness on the daily MACD Histogram.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

69.5-70.5

62

74.8

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

SAIL

28686

101/53

75


 

Research Disclaimer



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5 stocks for next week 12th-16th March 2018

09 Mar 2018 Gautam Upadhyaya

 

1) Bosch LTD- Buy

Stock

BOSCH LTD

Recommendation

The stock has witnessed a positive bounce after forming a bullish hammer candlestick pattern on the daily chart. Derivative data also indicate fresh long formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

18170-18210

18990

17708

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

BOSCHLTD

5548

25245/17700

20730


 

 

2) EICHER MOTORS– Buy

Stock

EICHER MOTORS

Recommendation

The stock has managed to give a breakout from sideways consolidation on the daily and weekly charts. The stock has also shown good strength on the daily MACD histogram which affirms our bullish view of it.

Buy/Sell

Range

Target

Stop Loss

Buy

27920-27970

29100

27180

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

EICHERMOT

75990

33483/23631

28450


 

 

3) INDRAPRASTHA GAS LTD-Sell

Stock

INDRAPRASTHA GAS LTD

Recommendation

The stock has witnessed a breakdown below the rising trend line on the daily chart. The stock is also on the verge of witnessing a bearish crossover on the daily MACD indicator. Derivative data suggest fresh short formation.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

299-302

282

312.4

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

IGL

21210

345/193

280


 

 

4) PETRONET LNG- Sell

Stock

PETRONET LNG

Recommendation

The stock has given a breakdown below its support levels on the weekly chart. The stock has also given a close below its 200-day EMA, which affirms our negative outlook on the scrip.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

231-234

220

241.2

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PETRONET

34575

458/198

235


 

 

5) SAIL- Sell

Stock

SAIL

Recommendation

The stock has witnessed a breakdown on the weekly chart which has been backed by a surge in volumes. The stock has also given a close below its 200-day EMA and has shown weakness on the daily MACD Histogram.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

69.5-70.5

62

74.8

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

SAIL

28686

101/53

75


 

Research Disclaimer