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

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