Article

5 Stocks for next week 26th-30th March 2018

23 Mar 2018 Gautam Upadhyaya

Untitled Document

1) HCL Technologies Limited - Buy

Stock

HCL Technologies Limited

Recommendation

The stock is trading in a rising channel formation and has formed a large bullish engulfing candlestick pattern on the daily chart. It is also on the verge of witnessing a bullish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Buy

953-959

1020

916

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

HCLTECH

132885

1041/796

898


 

2) DLF Limited – Sell

Stock

 DLF Limited

Recommendation

The stock has given a breakdown below its support levels on the daily chart backed by a surge in volumes and has also given a close  below its 200 day EMA. Derivative data indicates fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

201-203

190

210.4

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

DLF

36332

273/144

210


 

3) Century Textiles & Industries Limited - Sell

Stock

Century Textiles & Industries Limited

Recommendation

The stock has given a breakdown from a descending triangle formation on the daily chart and has also formed a bearish engulfing candlestick pattern on the weekly chart. We expect the weakness in the stock to persist in the following week.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

1124-1130

1074

1172

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

CENTURYTEX

12600

1471/993

1232


 

4) Axis Bank Limited - Sell

Stock

Axis Bank Limited

Recommendation

The stock has given a breakdown from a symmetrical triangle formation on the daily chart backed by a surge in volumes. Derivative data indicates fresh short formation, which affirms our bearish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

497-501

472

517

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

AXISBANK

127801

627/447

531


 

5) ICICI Bank Limited - Sell

Stock

ICICI Bank Limited

Recommendation

The stock is trading in a lower top lower bottom chart structure and has witnessed a breakdown below its support levels on the daily chart. The stock has also shown weakness on the weekly MACD histogram.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

274-277

260

285.6

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

ICICIBANK

176406

365/240

301



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5 Stocks for next week 26th-30th March 2018

23 Mar 2018 Gautam Upadhyaya

Untitled Document

1) HCL Technologies Limited - Buy

Stock

HCL Technologies Limited

Recommendation

The stock is trading in a rising channel formation and has formed a large bullish engulfing candlestick pattern on the daily chart. It is also on the verge of witnessing a bullish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Buy

953-959

1020

916

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

HCLTECH

132885

1041/796

898


 

2) DLF Limited – Sell

Stock

 DLF Limited

Recommendation

The stock has given a breakdown below its support levels on the daily chart backed by a surge in volumes and has also given a close  below its 200 day EMA. Derivative data indicates fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

201-203

190

210.4

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

DLF

36332

273/144

210


 

3) Century Textiles & Industries Limited - Sell

Stock

Century Textiles & Industries Limited

Recommendation

The stock has given a breakdown from a descending triangle formation on the daily chart and has also formed a bearish engulfing candlestick pattern on the weekly chart. We expect the weakness in the stock to persist in the following week.

Buy/Sell

Range

Target

Stop Loss

Sell(March Futures)

1124-1130

1074

1172

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

CENTURYTEX

12600

1471/993

1232


 

4) Axis Bank Limited - Sell

Stock

Axis Bank Limited

Recommendation

The stock has given a breakdown from a symmetrical triangle formation on the daily chart backed by a surge in volumes. Derivative data indicates fresh short formation, which affirms our bearish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

497-501

472

517

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

AXISBANK

127801

627/447

531


 

5) ICICI Bank Limited - Sell

Stock

ICICI Bank Limited

Recommendation

The stock is trading in a lower top lower bottom chart structure and has witnessed a breakdown below its support levels on the daily chart. The stock has also shown weakness on the weekly MACD histogram.

Buy/Sell

Range

Target

Stop Loss

Sell (March Futures)

274-277

260

285.6

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

ICICIBANK

176406

365/240

301



Research Disclaimer