Article

5 Stocks for next week (16th - 20th Oct)

03 Apr 2018 Gautam Upadhyaya

ICICI BANK - Buy

Stock ICICI BANK
Recommendation The stock has given an upward bounce after forming a bullish doji on the daily chart. It has also taken support along the rising trend line on the weekly chart. The stock is on the verge of giving a bullish crossover signal on the daily MACD.
Buy/Sell Range Target Stop Loss
Buy (Cash) 270-272 284 263.8
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ICICIBANK 174396 327/215 274

TATA STEEL - Buy

Stock Tata Steel
Recommendation The stock is in a higher top higher bottom chart structure. It has managed to give a breakout on the daily chart backed by a surge in volumes. The stock is currently trading at its 52 week high and we expect the positive momentum to continue.
Buy/Sell Range Target Stop Loss
Buy (Cash) 708-711 758 676
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
TATASTEEL 69019 715/355 540

HDFC BANK - Buy

Stock HDFC BANK
Recommendation The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation on the daily chart. The stock has also taken support along the weekly EMA.
Buy/Sell Range Target Stop Loss
Buy(Cash) 1840-1852 1925 1788
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
 HDFCBANK 477961 1868/1159 1596

JINDAL STEEL & POWER - Buy

Stock Jindal Steel & Power
Recommendation The stock managed to give an ascending triangle breakout on the daily chart. It has also managed to give a closing above its 200 day EMA. The bullish crossover signal on the daily MACD affirms our view on the stock.
Buy/Sell Range Target Stop Loss
Buy(Cash) 161-163 178 153
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
JINDALSTEL 14882 165/62 122

ZEE ENTERTAINMENT - Sell

Stock Zee Entertainment
Recommendation The stock has shown weakness on the daily and weekly chart which is indicated on the MACD Histogram. The stock is also currently trading below its 200 day exponential moving average on the daily chart.
Buy/Sell Range Target Stop Loss
Sell (Oct Futures ) 513-516 498 525.2
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ZEEL 49011 588/428 512

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5 Stocks for next week (16th - 20th Oct)

03 Apr 2018 Gautam Upadhyaya

ICICI BANK - Buy

Stock ICICI BANK
Recommendation The stock has given an upward bounce after forming a bullish doji on the daily chart. It has also taken support along the rising trend line on the weekly chart. The stock is on the verge of giving a bullish crossover signal on the daily MACD.
Buy/Sell Range Target Stop Loss
Buy (Cash) 270-272 284 263.8
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ICICIBANK 174396 327/215 274

TATA STEEL - Buy

Stock Tata Steel
Recommendation The stock is in a higher top higher bottom chart structure. It has managed to give a breakout on the daily chart backed by a surge in volumes. The stock is currently trading at its 52 week high and we expect the positive momentum to continue.
Buy/Sell Range Target Stop Loss
Buy (Cash) 708-711 758 676
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
TATASTEEL 69019 715/355 540

HDFC BANK - Buy

Stock HDFC BANK
Recommendation The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation on the daily chart. The stock has also taken support along the weekly EMA.
Buy/Sell Range Target Stop Loss
Buy(Cash) 1840-1852 1925 1788
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
 HDFCBANK 477961 1868/1159 1596

JINDAL STEEL & POWER - Buy

Stock Jindal Steel & Power
Recommendation The stock managed to give an ascending triangle breakout on the daily chart. It has also managed to give a closing above its 200 day EMA. The bullish crossover signal on the daily MACD affirms our view on the stock.
Buy/Sell Range Target Stop Loss
Buy(Cash) 161-163 178 153
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
JINDALSTEL 14882 165/62 122

ZEE ENTERTAINMENT - Sell

Stock Zee Entertainment
Recommendation The stock has shown weakness on the daily and weekly chart which is indicated on the MACD Histogram. The stock is also currently trading below its 200 day exponential moving average on the daily chart.
Buy/Sell Range Target Stop Loss
Sell (Oct Futures ) 513-516 498 525.2
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ZEEL 49011 588/428 512

Research Disclaimer