Article

5 Stocks for next week 2nd-6th April, 2018

28 Mar 2018

Untitled Document

1)Britannia Industries Limited

Stock

Britannia Industries Limited

 

Recommendation

The stock has witnessed a breakout from its sideways consolidation and has managed to give a close at its all-time high on the weekly chart. It has also witnessed a bullish crossover on the daily MACD indicator which affirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

4,940-4,970

5,210

4,780

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

BRITANNIA

59,891

5,057/3,298

4,430


 

2) Mahindra & Mahindra Financial Services Limited

Stock

 Mahindra & Mahindra Financial Services Limited

 

Recommendation

The stock is trading in a higher top-higher bottom chart structure and has given a positive bounce from its support levels. The stock has also shown positive momentum on the daily MACD histogram.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

460-464

488

445.8

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

M&MFIN

28,423

593/290

421


 

3) Muthoot Finance Limited

Stock

Muthoot Finance Limited

 

Recommendation

The stock has formed a bullish engulfing candlestick pattern and has managed to give a close above the bearish trend line on the weekly chart. It has also witnessed bullish divergence on the daily stochastic.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

404-408

434

391

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

MUTHOOTFIN 

16,156

525/348

423


 

4) Balrampur Chini Mills Limited

Stock

Balrampur Chini Mills Limited

 

Recommendation

The stock has given a breakdown from a rectangle formation on the daily chart backed by a surge in volumes. It is also on the verge of witnessing a bearish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

75.5-76.5

68

80.8

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

BALRAMCHIN

1,772

182/74

134


 

5) Reliance Communications Limited

Stock

Reliance Communications 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. Derivative data indicates fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

21.7-22.2

20

23.2

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

RCOM

6,015

41/9

25


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5 Stocks for next week 2nd-6th April, 2018

28 Mar 2018

Untitled Document

1)Britannia Industries Limited

Stock

Britannia Industries Limited

 

Recommendation

The stock has witnessed a breakout from its sideways consolidation and has managed to give a close at its all-time high on the weekly chart. It has also witnessed a bullish crossover on the daily MACD indicator which affirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

4,940-4,970

5,210

4,780

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

BRITANNIA

59,891

5,057/3,298

4,430


 

2) Mahindra & Mahindra Financial Services Limited

Stock

 Mahindra & Mahindra Financial Services Limited

 

Recommendation

The stock is trading in a higher top-higher bottom chart structure and has given a positive bounce from its support levels. The stock has also shown positive momentum on the daily MACD histogram.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

460-464

488

445.8

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

M&MFIN

28,423

593/290

421


 

3) Muthoot Finance Limited

Stock

Muthoot Finance Limited

 

Recommendation

The stock has formed a bullish engulfing candlestick pattern and has managed to give a close above the bearish trend line on the weekly chart. It has also witnessed bullish divergence on the daily stochastic.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

404-408

434

391

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

MUTHOOTFIN 

16,156

525/348

423


 

4) Balrampur Chini Mills Limited

Stock

Balrampur Chini Mills Limited

 

Recommendation

The stock has given a breakdown from a rectangle formation on the daily chart backed by a surge in volumes. It is also on the verge of witnessing a bearish crossover on the daily MACD indicator.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

75.5-76.5

68

80.8

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

BALRAMCHIN

1,772

182/74

134


 

5) Reliance Communications Limited

Stock

Reliance Communications 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. Derivative data indicates fresh short formation in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (April Futures)

21.7-22.2

20

23.2

NSE Code

Market Cap(in Rs cr)

52-week high/low

200 D-EMA

RCOM

6,015

41/9

25


Research Disclaimer