Article

5 Stocks for next week 16th-20th April 2018

20 Apr 2018 Gautam Upadhyaya

Untitled Document

1) Nilkamal Limited-Buy

Stock

Nilkamal Limited

Recommendation

The stock has witnessed a flag pattern breakout on the daily chart backed by a surge in volumes and has managed to give a close above its 200 day EMA. We expect the uptrend in the stock to continue in the following week.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

1752-1764

1874

1686

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day-EMA

NILKAMAL

2624

2274/1491

1719


 

2) Escorts Limited – Buy

Stock

 Escorts Limited

Recommendation

The stock has managed to give a breakout above its resistance levels backed by an uptick in volumes and is currently trading at its all-time high. The stock has also shown positive momentum on the daily MACD Histogram, which affirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

942-948

1006

907

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

ESCORTS

11620

948/535

739


 

3) TVS Motor Company Limited-Buy

Stock

TVS Motor Company Limited

Recommendation

The stock has witnessed a flag pattern breakout on the daily chart backed by a surge in volumes. The stock has also taken support near its 200 day EMA and given a positive bounce.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

657-662

702

633

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

TVSMOTOR

31498

794/461

639


 

4) Bharat Electronics Limited - Sell


Stock

Bharat Electronics Limited

Recommendation

The stock is trading in a lower top lower bottom chart structure and has given a breakdown below its support levels on the daily chart. Derivative data indicates fresh short positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

143-144

135

149.2

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BEL

35048

192-138

160


 

5) Bajaj Finserv - Sell


Stock

Bajaj Finserv

Recommendation

The stock has witnessed a correction after forming a bearish engulfing candlestick pattern on the daily chart. It has also seen a bearish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

5335-5360

5060

5534

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BAJAJFINSV

85057

5835/3796

4922


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5 Stocks for next week 16th-20th April 2018

20 Apr 2018 Gautam Upadhyaya

Untitled Document

1) Nilkamal Limited-Buy

Stock

Nilkamal Limited

Recommendation

The stock has witnessed a flag pattern breakout on the daily chart backed by a surge in volumes and has managed to give a close above its 200 day EMA. We expect the uptrend in the stock to continue in the following week.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

1752-1764

1874

1686

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day-EMA

NILKAMAL

2624

2274/1491

1719


 

2) Escorts Limited – Buy

Stock

 Escorts Limited

Recommendation

The stock has managed to give a breakout above its resistance levels backed by an uptick in volumes and is currently trading at its all-time high. The stock has also shown positive momentum on the daily MACD Histogram, which affirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

942-948

1006

907

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

ESCORTS

11620

948/535

739


 

3) TVS Motor Company Limited-Buy

Stock

TVS Motor Company Limited

Recommendation

The stock has witnessed a flag pattern breakout on the daily chart backed by a surge in volumes. The stock has also taken support near its 200 day EMA and given a positive bounce.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

657-662

702

633

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

TVSMOTOR

31498

794/461

639


 

4) Bharat Electronics Limited - Sell


Stock

Bharat Electronics Limited

Recommendation

The stock is trading in a lower top lower bottom chart structure and has given a breakdown below its support levels on the daily chart. Derivative data indicates fresh short positions in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

143-144

135

149.2

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BEL

35048

192-138

160


 

5) Bajaj Finserv - Sell


Stock

Bajaj Finserv

Recommendation

The stock has witnessed a correction after forming a bearish engulfing candlestick pattern on the daily chart. It has also seen a bearish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

5335-5360

5060

5534

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BAJAJFINSV

85057

5835/3796

4922


Research Disclaimer