Article

5 Stocks for next week (4th Sep- 8th Sep)

07 Aug 2019 Gautam Upadhyaya

Asian Paints – Buy

Stock

Asian Paints

Recommendation

The stock has given a breakout from a rectangle formation, after four months of consolidation on the daily chart; the breakout has been backed by a surge in volumes. The stock has also shown good strength on the daily MACD Histogram which further confirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

1208-1216

1280

1157

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500820

ASIANPAINT

115708

1230/850

1087

IndusInd Bank- Buy

Stock

 IndusInd Bank

Recommendation

The stock is in a higher top higher bottom chart structure. It has also managed to give a breakout on the weekly chart. A closing at its all-time high further accentuates our positive view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

1685-1694

1760

1638

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532187

 INDUSINDBK 

101373

1695-1037

1418

Kotak Mahindra Bank - Buy

Stock

Kotak Mahindra Bank

Recommendation

 The stock has given a breakout from a declining channel formation on the daily chart. It has also managed to give a positive crossover on the MACD, further accentuating our positive stance on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

988-994

1035

962

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500247

KOTAKBANK 

189740

1030-692

895

CESC- Buy

Stock

CESC Ltd

Recommendation

The stock has given a breakout on the weekly chart; volumes have also backed the price outburst. The stock has managed to give a flag pattern breakout on the daily chart which affirms our positive stance on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

1033-1040

1098

996

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500084 

CESC

13742

1050-539

834

NHPC – Sell

Stock

NHPC  Ltd

Recommendation

The stock has seen a correction over the past few trading sessions. It is currently trading below its 200-day EMA and has also shown weakness on the daily and weekly MACD Histogram.     

Buy/Sell

Range

Target

Stop Loss

Sell(Sep Futures)

28.85-29

26.9

30.6

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

 533098

NHPC 

29803

34.5-23.9

29.7

Disclaimer:  Research Disclaimer

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5 Stocks for next week (4th Sep- 8th Sep)

07 Aug 2019 Gautam Upadhyaya

Asian Paints – Buy

Stock

Asian Paints

Recommendation

The stock has given a breakout from a rectangle formation, after four months of consolidation on the daily chart; the breakout has been backed by a surge in volumes. The stock has also shown good strength on the daily MACD Histogram which further confirms our bullish view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

1208-1216

1280

1157

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500820

ASIANPAINT

115708

1230/850

1087

IndusInd Bank- Buy

Stock

 IndusInd Bank

Recommendation

The stock is in a higher top higher bottom chart structure. It has also managed to give a breakout on the weekly chart. A closing at its all-time high further accentuates our positive view on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

1685-1694

1760

1638

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532187

 INDUSINDBK 

101373

1695-1037

1418

Kotak Mahindra Bank - Buy

Stock

Kotak Mahindra Bank

Recommendation

 The stock has given a breakout from a declining channel formation on the daily chart. It has also managed to give a positive crossover on the MACD, further accentuating our positive stance on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

988-994

1035

962

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500247

KOTAKBANK 

189740

1030-692

895

CESC- Buy

Stock

CESC Ltd

Recommendation

The stock has given a breakout on the weekly chart; volumes have also backed the price outburst. The stock has managed to give a flag pattern breakout on the daily chart which affirms our positive stance on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

1033-1040

1098

996

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500084 

CESC

13742

1050-539

834

NHPC – Sell

Stock

NHPC  Ltd

Recommendation

The stock has seen a correction over the past few trading sessions. It is currently trading below its 200-day EMA and has also shown weakness on the daily and weekly MACD Histogram.     

Buy/Sell

Range

Target

Stop Loss

Sell(Sep Futures)

28.85-29

26.9

30.6

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

 533098

NHPC 

29803

34.5-23.9

29.7

Disclaimer:  Research Disclaimer