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