5 Stocks for next week 5th-9th March 2018
01 Mar 2018
Gautam Upadhyaya
Untitled Document
1) NIIT Technologies - Buy
| Stock |
NIIT TECHNOLOGIES
|
|
Recommendation
|
The stock is in a higher top higher bottom chart structure and has managed to give a breakout backed by a smart uptick in volumes on the daily chart. The stock has also witnessed a bullish crossover on the daily MACD indicator, which affirms our positive view on the stock.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy
|
867-870
|
935
|
827
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 Day M.A
|
|
NIITTECH
|
5342
|
927/401
|
632
|
2) GlaxoSmithKline Consumer Healthcare – Buy
|
Stock
|
GLAXOSMITHKLINE CONSUMER HEALTHCARE
|
|
Recommendation
|
The stock is on the verge of witnessing a flag pattern breakout on the daily chart. The stock has also shown good strength on the daily MACD Histogram.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy
|
6770-6800
|
7140
|
6581
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 Day M.A
|
|
GLAXO
|
20159
|
2770/2309
|
5887
|
3) Piramal Enterprises - Sell
| Stock |
PIRAMAL ENTERPRISES
|
|
Recommendation
|
The stock has witnessed a breakdown below its support levels on the daily chart that was also backed by a surge in volumes. In addition, the stock has formed a bearish engulfing candlestick pattern on the weekly chart.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Sell(March Futures)
|
2553-2565
|
2450
|
2627
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
PEL
|
45724
|
3083/1811
|
2615
|
4) Power Finance Corporation - Sell
| Stock |
POWER FINANCE CORPORATION
|
|
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 a fresh short formation in the stock.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Sell (March Futures)
|
101-102
|
94
|
105.6
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
PFC
|
27047
|
169/102
|
123
|
5) DHFL - Sell
| Stock |
DHFL
|
|
Recommendation
|
The stock is on the verge of witnessing a bearish crossover on the daily MACD indicator. In addition, it has formed a bearish engulfing candlestick pattern on the weekly chart. Derivative data indicates a fresh short formation in the stock.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Sell (March Futures)
|
536-540
|
494
|
567
|
|
NSE Code
|
Market Cap(Rs in Cr)
|
52-week High /low
|
200 M.A
|
|
DHFL
|
16846
|
677/320
|
525
|
Research Disclaimer