5 Stocks for next week (13th Nov-17th Nov)
10 Nov 2017
Gautam Upadhyaya
1) IPCA Lab - Buy
Stock |
IPCA LAB |
Recommendation |
The stock has managed to give a breakout from its sideways consolidation on the weekly and daily chart. The price outburst has been backed by a surge in volumes. The stock has shown good strength on the daily MACD Histogram indicating that the bullish momentum is likely to continue. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (Cash) |
579-584 |
616 |
555 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 M.A |
IPCALAB |
7339 |
656/400 |
510 |

2) State Bank of India - Buy
Stock |
STATE BANK OF INDIA |
Recommendation |
The stock has given a breakout from its sideways consolidation and is in the process of completing the flag pattern on the daily chart. The price outburst has been backed by a surge in volumes. The trend and strength analysis indicates that the current momentum is likely to continue further. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (Cash) |
331-334 |
360 |
317 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
SBIN |
287619 |
351/231 |
277 |

3) PC Jeweller - Buy
Stock |
PC JEWELLER |
Recommendation |
The stock is in a strong uptrend and is in a higher top higher bottom chart structure. The stock has also managed to give a close at its all-time high on the weekly chart. We expect the positive momentum to continue in the following week. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(Cash) |
374-377 |
402 |
361 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
PCJEWELLER |
14875 |
395/143 |
285 |

4) HPCL - Buy
Stock |
HINDUSTAN PETROLEUM |
Recommendation |
The stock has shown weakness on the daily and weekly chart. The stock is on the verge of giving a breakdown from a double top formation. We expect the stock to correct further in the following week. |
Buy/Sell |
Range |
Target |
Stop Loss |
Sell (Nov Futures) |
419-423 |
394 |
437 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 M.A |
HINDPETRO |
63589 |
494/272 |
391 |

5) Cadila Healthcare - Sell
Stock |
CADILA HEALTHCARE |
Recommendation |
The stock has given a breakdown below its support levels and has given a closing below its 200 period exponential moving average. The stock has also given a bearish crossover on the daily MACD indicator which affirms our negative view on the stock. |
Buy/Sell |
Range |
Target |
Stop Loss |
Sell (Nov Futures) |
466-470 |
444 |
483 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 M.A |
CADILAHC |
47629 |
558/329 |
472 |

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