Article

5 Stocks for next week (6th Nov-10th Nov)

03 Nov 2017 Gautam Upadhyaya

1) Karnataka Bank - Buy

Stock Karnataka Bank
Recommendation The stock has managed to give a breakout from its sideways consolidation on the weekly and daily chart. The price outburst has been backed by a surge in volumes. The stock has also managed to give a bullish crossover on the daily MACD indicating that the bullish momentum is likely to continue.
Buy/Sell Range Target Stop Loss
Buy (Cash) 167.5-169 177 162
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
KTKBANK 4763 181/100 147

2)TATA MOTORS - Buy

Stock Tata Motors
Recommendation The stock is in a higher top higher bottom chart structure; it has also formed a strong bullish candlestick on the daily chart and has managed to give a close above its 200 period EMA. We expect the bullish momentum to continue in the following week.
Buy/Sell Range Target Stop Loss
Buy (Cash) 445-448 465 429
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
TATAMOTORS 151794 598/357 438

3) TV18 Broadcast - Buy

Stock TV 18 Broadcast
Recommendation The stock has managed to give a breakout from it’s sideway consolidation on the weekly chart. The stock has also shown good strength on the daily and weekly MACD Histogram.
Buy/Sell Range Target Stop Loss
Buy(Cash) 51.5 43.4
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
TV18BRDCST TV18BRDCST 50/33 39

4) L&T - Buy

Stock L&T
Recommendation The stock is on the verge of giving a flag pattern breakout on the daily chart. The stock has also managed to give a bullish crossover on the weekly MACD indicator. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell Range Target Stop Loss
Buy(Cash) 1230-1235 1282 1201
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
LT 173023 1250/863 1118

5) Glenmark Pharma - Sell

Stock Glenmark Pharma
Recommendation The stock has formed a bearish engulfing candlestick pattern on the on the daily chart. The stock is also trading below it medium term and long term exponential moving average. We expect the stock to correct further in the following week.
Buy/Sell Range Target Stop Loss
Sell (Nov Futures) 629-634 606 649
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
GLENMARK 17686 993/557 708

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5 Stocks for next week (6th Nov-10th Nov)

03 Nov 2017 Gautam Upadhyaya

1) Karnataka Bank - Buy

Stock Karnataka Bank
Recommendation The stock has managed to give a breakout from its sideways consolidation on the weekly and daily chart. The price outburst has been backed by a surge in volumes. The stock has also managed to give a bullish crossover on the daily MACD indicating that the bullish momentum is likely to continue.
Buy/Sell Range Target Stop Loss
Buy (Cash) 167.5-169 177 162
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
KTKBANK 4763 181/100 147

2)TATA MOTORS - Buy

Stock Tata Motors
Recommendation The stock is in a higher top higher bottom chart structure; it has also formed a strong bullish candlestick on the daily chart and has managed to give a close above its 200 period EMA. We expect the bullish momentum to continue in the following week.
Buy/Sell Range Target Stop Loss
Buy (Cash) 445-448 465 429
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
TATAMOTORS 151794 598/357 438

3) TV18 Broadcast - Buy

Stock TV 18 Broadcast
Recommendation The stock has managed to give a breakout from it’s sideway consolidation on the weekly chart. The stock has also shown good strength on the daily and weekly MACD Histogram.
Buy/Sell Range Target Stop Loss
Buy(Cash) 51.5 43.4
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
TV18BRDCST TV18BRDCST 50/33 39

4) L&T - Buy

Stock L&T
Recommendation The stock is on the verge of giving a flag pattern breakout on the daily chart. The stock has also managed to give a bullish crossover on the weekly MACD indicator. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell Range Target Stop Loss
Buy(Cash) 1230-1235 1282 1201
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
LT 173023 1250/863 1118

5) Glenmark Pharma - Sell

Stock Glenmark Pharma
Recommendation The stock has formed a bearish engulfing candlestick pattern on the on the daily chart. The stock is also trading below it medium term and long term exponential moving average. We expect the stock to correct further in the following week.
Buy/Sell Range Target Stop Loss
Sell (Nov Futures) 629-634 606 649
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
GLENMARK 17686 993/557 708

Research Disclaimer