5 Stocks for next week 12th Feb-16th Feb 2018
09 Feb 2018
Gautam Upadhyaya
Untitled Document
1) Mphasis- Buy
| Stock |
MPHASIS
|
|
Recommendation
|
The stock is in strong uptrend and is currently in a higher top higher bottom chart structure. The stock has also shown positive momentum on the weekly MACD Histogram, which affirms our positive view on the stock.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy
|
892-898
|
970
|
847
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 Day M.A
|
|
MPHASIS
|
17153
|
918/522
|
675
|
2) Ipca Labs - Buy
| Stock |
IPCA LABS
|
|
Recommendation
|
The stock has formed a large bullish engulfing candlestick pattern on the weekly chart, backed by a surge in volumes. Stock has also managed to give a breakout above the declining trend line.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy
|
616-621
|
660
|
593
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 Day M.A
|
|
IPCALAB
|
7815
|
656/400
|
536
|
3) IDEA-SELL
| Stock |
IDEA
|
|
Recommendation
|
The stock has shown weakness on the daily weekly and daily MACD Histogram and is trading in a declining channel formation on the daily chart.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
SELL(FEB FUTURES)
|
83.5-84.5
|
74
|
89.7
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
IDEA
|
30248
|
123/71
|
92.
|
4) ZEE Entertainment- SELL
| Stock |
ZEE ENTERTAINMENT
|
|
Recommendation
|
The stock has breached the rising trend line on the weekly chart and is on the verge of witnessing a bearish crossover on the weekly MACD indicator, which affirms our negative view on the stock.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
SELL(FEB FUTURES)
|
583-586
|
556
|
603
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
ZEEL
|
55816
|
619/456
|
436
|
5) IDBI Bank - BUY
| Stock |
IDBI BANK
|
|
Recommendation
|
The stock has formed a bullish piercing candlestick pattern on the weekly chart and has managed to give a close above its 200 day EMA on the daily chart. Derivative data suggests fresh long formation.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy
|
62-63
|
69.7
|
58.4
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
IDBI
|
16594
|
86/50
|
61
|
Research Disclaimer