Article

5 Stocks for next week 18th Dec-22nd Dec 2017

15 Dec 2017 Gautam Upadhyaya

YES BANK - BUY

Stock YES BANK
Recommendation The stock is on the verge of witnessing a triple bottom breakout on the daily chart. It has also managed to give a close above its 200 period EMA. The stock has also witnessed a bullish crossover on the daily MACD indicator.
Buy/Sell Range Target Stop Loss
Buy(cash) 314-316 334 303.5
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
YESBANK 72157 382/218 314

ARTI INDUSTRIES - BUY

Stock ARTI INDUSTRIES
Recommendation The stock is in a higher top higher bottom chart structure. It has formed a bullish candlestick pattern on the weekly chart and has managed to breakout from its sideways consolidation. The price uptick has been backed by a smart surge in volumes.
Buy/Sell Range Target Stop Loss
Buy(cash) 943-948 992 913
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
AARTIIND 7801 1024/672 857

DR REDDY - BUY

Stock DR REDDY
Recommendation The stock has given a given a breakout from a descending trend line on the weekly chart and has also shown good strength on the daily MACD Histogram. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell Range Target Stop Loss
Buy(cash) 2364-2372 2485 2292
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
DRREDDY 39348 3203/1901 2759

VEDANTA - BUY

Stock VEDANTA
Recommendation The stock has managed to give a breakout from its sideways consolidation on the daily chart backed by a surge in volumes. The stock has formed a bullish hammer formation on the weekly chart.
Buy/Sell Range Target Stop Loss
Buy (cash) 296-298 313 286.8
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
VEDL 110772 346/205 279

POWER GRID - BUY

Stock POWER GRID
Recommendation The stock is in lower top lower bottom chart structure. It has shown weakness on weekly MACD Histogram. Derivative data is suggesting fresh short positions which are indicated by surge in open interest and decline in price.
Buy/Sell Range Target Stop Loss
Sell(Dec Futures) 199.5-200.5 192 205.4
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
POWERGRID  104317 226/176 205

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5 Stocks for next week 18th Dec-22nd Dec 2017

15 Dec 2017 Gautam Upadhyaya

YES BANK - BUY

Stock YES BANK
Recommendation The stock is on the verge of witnessing a triple bottom breakout on the daily chart. It has also managed to give a close above its 200 period EMA. The stock has also witnessed a bullish crossover on the daily MACD indicator.
Buy/Sell Range Target Stop Loss
Buy(cash) 314-316 334 303.5
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
YESBANK 72157 382/218 314

ARTI INDUSTRIES - BUY

Stock ARTI INDUSTRIES
Recommendation The stock is in a higher top higher bottom chart structure. It has formed a bullish candlestick pattern on the weekly chart and has managed to breakout from its sideways consolidation. The price uptick has been backed by a smart surge in volumes.
Buy/Sell Range Target Stop Loss
Buy(cash) 943-948 992 913
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
AARTIIND 7801 1024/672 857

DR REDDY - BUY

Stock DR REDDY
Recommendation The stock has given a given a breakout from a descending trend line on the weekly chart and has also shown good strength on the daily MACD Histogram. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell Range Target Stop Loss
Buy(cash) 2364-2372 2485 2292
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
DRREDDY 39348 3203/1901 2759

VEDANTA - BUY

Stock VEDANTA
Recommendation The stock has managed to give a breakout from its sideways consolidation on the daily chart backed by a surge in volumes. The stock has formed a bullish hammer formation on the weekly chart.
Buy/Sell Range Target Stop Loss
Buy (cash) 296-298 313 286.8
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
VEDL 110772 346/205 279

POWER GRID - BUY

Stock POWER GRID
Recommendation The stock is in lower top lower bottom chart structure. It has shown weakness on weekly MACD Histogram. Derivative data is suggesting fresh short positions which are indicated by surge in open interest and decline in price.
Buy/Sell Range Target Stop Loss
Sell(Dec Futures) 199.5-200.5 192 205.4
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
POWERGRID  104317 226/176 205

Research Disclaimer