Article

5 Stocks for next week 19th-23rd March 2018

16 Mar 2018 Gautam Upadhyaya

Untitled Document

 

1) Shriram City Union Finance Limited- BUY


Stock

Shriram City Union Finance Limited

Recommendation

The stock has given a breakout from a declining trend line backed by a smart uptick in volume on the weekly chart. The stock has also witnessed a bullish crossover on the weekly MACD indicator, which affirms our bullish stance.

Buy/Sell

Range

Target

Stop Loss

BUY

2,136-2,154

2,280

2,040

NSE Code

Market Cap (in Rs cr)

52-week high/low

200 DMA

SHRIRAMCIT

14,161

2,648/1,867

2,079


 

2) ADANIPORTS – Sell

Stock

 ADANIPORTS

Recommendation

The stock is trading in a lower top-lower bottom chart structure and has given a breakdown from a symmetrical triangle formation on the daily chart. Derivative data indicates fresh short formation.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

372-375

355

387

NSE Code

Market Cap (in Rs cr)

52-week high/low

200 DMA

ADANIPORTS

76,511

451/317

389


 

3) Escorts Limited - Sell


Stock

Escorts Limited

Recommendation

The stock has witnessed a breakdown from a descending triangle formation on the daily chart. It has given a close below its 10-day EMA and has also observed a bearish crossover on the weekly MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

835-840

804

865

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

ESCORTS

10,135

921/513

717


 

4)Voltas Limited - Sell


Stock

Voltas Limited

Recommendation

The stock has given a breakdown below its rising trend line on the daily chart. It has also formed a bearish engulfing candlestick pattern on the daily chart.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

631-635

606

651

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

VOLTAS

20,746

675/382

557


 

5) Container Corporation of India Limited - Sell


Stock

Container Corporation of India Limited

Recommendation

The stock has witnessed a flag pattern breakdown on the daily chart backed by a surge in volumes. Derivative data suggests fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

1,208-1,216

1,155

1,252

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

CONCOR

29,319

1,500/976

1,284


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5 Stocks for next week 19th-23rd March 2018

16 Mar 2018 Gautam Upadhyaya

Untitled Document

 

1) Shriram City Union Finance Limited- BUY


Stock

Shriram City Union Finance Limited

Recommendation

The stock has given a breakout from a declining trend line backed by a smart uptick in volume on the weekly chart. The stock has also witnessed a bullish crossover on the weekly MACD indicator, which affirms our bullish stance.

Buy/Sell

Range

Target

Stop Loss

BUY

2,136-2,154

2,280

2,040

NSE Code

Market Cap (in Rs cr)

52-week high/low

200 DMA

SHRIRAMCIT

14,161

2,648/1,867

2,079


 

2) ADANIPORTS – Sell

Stock

 ADANIPORTS

Recommendation

The stock is trading in a lower top-lower bottom chart structure and has given a breakdown from a symmetrical triangle formation on the daily chart. Derivative data indicates fresh short formation.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

372-375

355

387

NSE Code

Market Cap (in Rs cr)

52-week high/low

200 DMA

ADANIPORTS

76,511

451/317

389


 

3) Escorts Limited - Sell


Stock

Escorts Limited

Recommendation

The stock has witnessed a breakdown from a descending triangle formation on the daily chart. It has given a close below its 10-day EMA and has also observed a bearish crossover on the weekly MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

835-840

804

865

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

ESCORTS

10,135

921/513

717


 

4)Voltas Limited - Sell


Stock

Voltas Limited

Recommendation

The stock has given a breakdown below its rising trend line on the daily chart. It has also formed a bearish engulfing candlestick pattern on the daily chart.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

631-635

606

651

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

VOLTAS

20,746

675/382

557


 

5) Container Corporation of India Limited - Sell


Stock

Container Corporation of India Limited

Recommendation

The stock has witnessed a flag pattern breakdown on the daily chart backed by a surge in volumes. Derivative data suggests fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

SELL (March Futures)

1,208-1,216

1,155

1,252

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 DMA

CONCOR

29,319

1,500/976

1,284


Research Disclaimer