Article

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


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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