5 stocks for next week 12th-16th March 2018
09 Mar 2018
Gautam Upadhyaya
1) Bosch LTD- Buy
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Stock
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BOSCH LTD
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Recommendation
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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.
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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
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18170-18210
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18990
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17708
|
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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 Day M.A
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BOSCHLTD
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5548
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25245/17700
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20730
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2) EICHER MOTORS– Buy
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Stock
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EICHER MOTORS
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Recommendation
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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.
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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
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27920-27970
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29100
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27180
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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 Day M.A
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EICHERMOT
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75990
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33483/23631
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28450
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3) INDRAPRASTHA GAS LTD-Sell
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Stock
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INDRAPRASTHA GAS LTD
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Recommendation
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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.
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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(March Futures)
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299-302
|
282
|
312.4
|
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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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IGL
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21210
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345/193
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280
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4) PETRONET LNG- Sell
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Stock
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PETRONET LNG
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Recommendation
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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.
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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 (March Futures)
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231-234
|
220
|
241.2
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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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PETRONET
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34575
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458/198
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235
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5) SAIL- Sell
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Stock
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SAIL
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Recommendation
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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.
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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 (March Futures)
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69.5-70.5
|
62
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74.8
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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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SAIL
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28686
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101/53
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75
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Research Disclaimer