Article

5 Stocks for next week 5th Feb-9th Feb 2018

07 Aug 2019 Gautam Upadhyaya

MARUTI SUZUKI INDIA- SELL


Stock

MARUTI

Recommendation

The stock has breached its support levels on the daily chart and has witnessed a bearish crossover on the daily MACD indicators. Maruti has also given a close below its 10 period EMA on the weekly chart, which affirms our negative view on the stock.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

8980-9020

8600

9293

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

MARUTI

273140

10000/5804

8028


 

HDFC BANK- SELL


Stock

HDFC BANK

Recommendation

The stock has breached its support levels along the rising trend line and is on the verge of witnessing a bearish crossover on the daily MACD indicator. The stock has formed a shooting star candlestick pattern on the weekly chart.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

1948-1960

1880

1993

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

HDFCBANK

504763

2014-1294

1743


 

PIRAMAL ENTERPRISES-SELL

Stock

PIRAMAL ENTERPRISES

Recommendation

The stock has faced resistance along the declining trend line and has given a breakdown on the daily chart. Derivative data suggests fresh short position, which is indicated by a rise in O.I and decline in price.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

2642-2658

2505

2749

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PEL

47779

3083/1700

2611


 

POWER FINANCE- SELL

Stock

POWER FINANCE

Recommendation

The stock has breached its support levels on the weekly chart after witnessing a sideways consolidation for nearly seven months. The stock has formed a large bearish candlestick patter on the daily chart. Derivative data suggests fresh short formation in the stock indicated by rise in open interest and decline in price. We expect the negative trend to continue in the following week.

Buy/Sell

Range

Target

Stop Loss

 Buy

110-112

104

115.8

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PFC

29291

169/110

126


 

BRITANNIA LTD- BUY


Stock

BRITANNIA LTD

Recommendation

The stock is in a rising channel formation on the weekly chart and has given a positive bounce from its support levels. We expect the positive momentum to continue in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

4715-4729

4910

4572

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BRITANNIA 

56787

4963/2918

4258


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5 Stocks for next week 5th Feb-9th Feb 2018

07 Aug 2019 Gautam Upadhyaya

MARUTI SUZUKI INDIA- SELL


Stock

MARUTI

Recommendation

The stock has breached its support levels on the daily chart and has witnessed a bearish crossover on the daily MACD indicators. Maruti has also given a close below its 10 period EMA on the weekly chart, which affirms our negative view on the stock.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

8980-9020

8600

9293

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

MARUTI

273140

10000/5804

8028


 

HDFC BANK- SELL


Stock

HDFC BANK

Recommendation

The stock has breached its support levels along the rising trend line and is on the verge of witnessing a bearish crossover on the daily MACD indicator. The stock has formed a shooting star candlestick pattern on the weekly chart.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

1948-1960

1880

1993

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 Day M.A

HDFCBANK

504763

2014-1294

1743


 

PIRAMAL ENTERPRISES-SELL

Stock

PIRAMAL ENTERPRISES

Recommendation

The stock has faced resistance along the declining trend line and has given a breakdown on the daily chart. Derivative data suggests fresh short position, which is indicated by a rise in O.I and decline in price.

Buy/Sell

Range

Target

Stop Loss

SELL(FEB FUTURES)

2642-2658

2505

2749

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PEL

47779

3083/1700

2611


 

POWER FINANCE- SELL

Stock

POWER FINANCE

Recommendation

The stock has breached its support levels on the weekly chart after witnessing a sideways consolidation for nearly seven months. The stock has formed a large bearish candlestick patter on the daily chart. Derivative data suggests fresh short formation in the stock indicated by rise in open interest and decline in price. We expect the negative trend to continue in the following week.

Buy/Sell

Range

Target

Stop Loss

 Buy

110-112

104

115.8

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

PFC

29291

169/110

126


 

BRITANNIA LTD- BUY


Stock

BRITANNIA LTD

Recommendation

The stock is in a rising channel formation on the weekly chart and has given a positive bounce from its support levels. We expect the positive momentum to continue in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy

4715-4729

4910

4572

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

BRITANNIA 

56787

4963/2918

4258


Research Disclaimer