Article

5 Stocks for next week - 4th Dec-8th Dec 2017

07 Aug 2019 Gautam Upadhyaya

ADANI PORTS - SELL

Stock ADANI PORTS
Recommendation The stock has given a breakdown from a descending triangle formation on the daily chart. It has also formed a strong bearish engulfing candlestick pattern on the daily chart. We expect the bearish trend to continue next week.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 385-388 369 400
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ADANIPORTS 80787 443/257 369

AUROBINDO PHARMA - SELL

Stock Aurobindo Pharma
Recommendation The stock has given a bearish flag pattern breakdown on the daily chart. Also, the stock has witnessed bearish crossover on the MACD indicator, which affirms our negative view on the stock.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 676-681 648 702
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
AUROPHARMA 39576 808/504 713

PETRONET LNG - SELL

Stock Petronet Lng
Recommendation The stock has given a breakdown after forming a rounding top formation on the daily chart. The stock also has breached its support levels and has given a close below its short term 10 period exponential moving average. We expect the downtrend in the stock to continue. 
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 245-247 233 255
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
 PETRONET 36600 276/171 224

VOLTAS - SELL

Stock Voltas
Recommendation The stock has formed a bearish gravestone doji formation on the weekly chart. It has also formed a large bearish candlestick pattern on the daily chart. The bearish crossover on the daily MACD indicator affirms our negative view on the stock.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 621-624 605 637
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
VOLTAS 20451 653/300 492

JUBILIANT LIFE SCIENCE - BUY

Stock Jubiliant Life Science
Recommendation The stock has managed to give a double bottom breakout on the daily chart. It has also managed to give a close above the declining trend line on the weekly chart. The trend and strength analysis indicated that that the current momentum is likely to extend further.
Buy/Sell Range Target Stop Loss
Buy(Cash) 690-695 735 671
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
JUBILANT 11031 879/552 671

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5 Stocks for next week - 4th Dec-8th Dec 2017

07 Aug 2019 Gautam Upadhyaya

ADANI PORTS - SELL

Stock ADANI PORTS
Recommendation The stock has given a breakdown from a descending triangle formation on the daily chart. It has also formed a strong bearish engulfing candlestick pattern on the daily chart. We expect the bearish trend to continue next week.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 385-388 369 400
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
ADANIPORTS 80787 443/257 369

AUROBINDO PHARMA - SELL

Stock Aurobindo Pharma
Recommendation The stock has given a bearish flag pattern breakdown on the daily chart. Also, the stock has witnessed bearish crossover on the MACD indicator, which affirms our negative view on the stock.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 676-681 648 702
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
AUROPHARMA 39576 808/504 713

PETRONET LNG - SELL

Stock Petronet Lng
Recommendation The stock has given a breakdown after forming a rounding top formation on the daily chart. The stock also has breached its support levels and has given a close below its short term 10 period exponential moving average. We expect the downtrend in the stock to continue. 
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 245-247 233 255
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
 PETRONET 36600 276/171 224

VOLTAS - SELL

Stock Voltas
Recommendation The stock has formed a bearish gravestone doji formation on the weekly chart. It has also formed a large bearish candlestick pattern on the daily chart. The bearish crossover on the daily MACD indicator affirms our negative view on the stock.
Buy/Sell Range Target Stop Loss
Sell (Dec Futures) 621-624 605 637
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
VOLTAS 20451 653/300 492

JUBILIANT LIFE SCIENCE - BUY

Stock Jubiliant Life Science
Recommendation The stock has managed to give a double bottom breakout on the daily chart. It has also managed to give a close above the declining trend line on the weekly chart. The trend and strength analysis indicated that that the current momentum is likely to extend further.
Buy/Sell Range Target Stop Loss
Buy(Cash) 690-695 735 671
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
JUBILANT 11031 879/552 671

Research Disclaimer