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.
|
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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
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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
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|
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.
|
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Buy/Sell
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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.
|
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Buy/Sell
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Range
|
Target
|
Stop Loss
|
|
SELL (March Futures)
|
631-635
|
606
|
651
|
|
NSE Code
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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