5 stocks for next week 26th Dec-29th Dec 2017
22 Dec 2017
Gautam Upaghyaya
1. BHARAT ELECTRONICS - BUY
Stock |
BHARAT ELECTRONICS |
Recommendation |
The stock is in a higher top higher bottom chart structure and has formed a bullish engulfing candlestick pattern on the weekly chart. The stock has also witnessed a bullish crossover on the daily MACD indicator. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
187-189 |
198 |
182 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 Day M.A |
BEL |
46130 |
192/132 |
163 |

2. ONGC - BUY
Stock |
ONGC |
Recommendation |
The stock has managed to give a breakout from its sideways consolidation on the weekly chart. Derivative data signifies fresh long formation which is indicated by a surge in price and open interest. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
192-194 |
203 |
186 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 Day M.A |
ONGC |
247745 |
212/155 |
175 |

3. HAVELLS - SELL
Stock |
HAVELLS |
Recommendation |
The stock has formed a bearish engulfing candlestick pattern on the daily chart and shown weakness on the daily MACD histogram. It has also formed a bearish doji candlestick pattern on the weekly chart. |
Buy/Sell |
Range |
Target |
Stop Loss |
Sell Dec Futures |
550-553 |
538 |
561 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
HAVELLS |
34383 |
564/310 |
484 |

4. JSW ENERGY - BUY
Stock |
JSW ENERGY |
Recommendation |
The stock has formed a large bullish engulfing candlestick pattern on the weekly chart backed by a smart uptick in volumes. The stock has shown good strength on the daily MACD histogram. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (cash) |
88.2-89.2 |
96 |
85.2 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
JSWENERGY |
14596 |
89/54 |
74 |

5. MINDTREE - BUY
Stock |
MINDTREE |
Recommendation |
The stock has managed give a breakout from its sideways consolidation on the daily chart backed by a surge in volumes and has managed to give a close at its 52 week high. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (cash) |
596-600 |
632 |
579 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
MINDTREE |
9802 |
602/435 |
505 |

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