5 Stocks for next week 29th Jan-2nd Feb 2018
25 Jan 2018
Gautam Upadhyaya
BEML - SELL
Stock |
BEML |
Recommendation |
The stock has breached the symmetrical triangle formation on the daily chart backed by a surge in volumes. The stock has also shown weakness on the daily MACD Histogram. |
Buy/Sell |
Range |
Target |
Stop Loss |
SELL(FEB FUTURES) |
1493-1502 |
1435 |
1548 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 Day M.A |
BEML |
6156 |
1947/1125 |
1544 |

CHENNAI PETROLEUM - SELL
Stock |
CHENNAI PETROLEUM |
Recommendation |
The stock has breached its support levels on the daily chart backed by a surge in volumes; the stock has also formed a large bearish candle on the weekly chart and has given a close below its 10 period EMA on the weekly chart. |
Buy/Sell |
Range |
Target |
Stop Loss |
SELL(FEB FUTURES) |
419-422 |
396 |
436 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 Day M.A |
CHENNPETRO |
6228 |
477/326 |
400 |

RAYMOND LTD - SELL
Stock |
RAYMOND LTD |
Recommendation |
The stock continued to face selling pressure near its resistance zone and has formed a large bearish engulfing candlestick pattern on the daily chart. The stock has also shown weakness on the daily MACD Histogram. |
Buy/Sell |
Range |
Target |
Stop Loss |
SELL(FEB FUTURES) |
1080-1088 |
1016 |
1139 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
RAYMOND |
6608 |
1141/492 |
862 |

ITC - BUY
Stock |
ITC LTD |
Recommendation |
The stock is also in a higher top higher bottom chart structure. The stock has witnessed a positive bounce after consolidating in a sideways range for the past few months. The trend and strength analysis indicates that the current momentum is likely to continue further. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy |
280-282 |
295 |
273 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
ITC |
342368 |
353/250 |
242 |

RELIANCE INDUSTRIES - BUY
Stock |
RELIANCE INDUSTRIES |
Recommendation |
The stock is in a rising channel formation on the weekly chart and has given a positive bounce from its support levels. We expect the positive momentum to continue in the stock. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy |
961-967 |
1020 |
923 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
RELIANCE |
610898 |
990-507 |
817 |

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