5 Stocks for next week 8th Jan-12th Jan 2018
05 Jan 2018
Gautam Upadhyaya
AJANTA PHARMA - BUY
Stock |
AJANTA PHARMA |
Recommendation |
The stock has managed to give a breakout from its sideways consolidation on the daily chart. The stock has also shown good strength on the daily and weekly MACD Histogram. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
1518-1525 |
1590 |
1474 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 Day M.A |
AJANTPHARM |
13385 |
1870/1106 |
1418 |

JUST DIAL - BUY
Stock |
JUST DIAL |
Recommendation |
The stock has given a flag pattern breakout and has also breached the declining trend line backed by a surge in volumes on the daily chart. The stock has taken support along the 10-day EMA on the weekly chart. |
Buy/Sell |
Range |
Target
|
Stop Loss |
Buy(cash |
548-552 |
584 |
527 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 Day M.A |
JUSTDIAL |
3697 |
619/326 |
459 |

NIIT TECH - Buy
Stock |
NIIT TECH |
Recommendation |
The stock has given a breakout from its sideways consolidation on the daily chart backed by a surge in volumes; the stock has also taken support along the rising trend line on the daily chart. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy(cash) |
666-671 |
698 |
648 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
NIITTECH |
4085 |
696/401 |
558 |

INDUSIND BANK - BUY
Stock |
INDUSIND BANK |
Recommendation |
The stock has managed to give a breakout above the declining trend line on the daily chart and has managed to give a breakout from its sideways consolidation on the weekly chart. The stock has also witnessed bullish crossover on the daily MACD indicator which affirms our positive view on the stock. |
Buy/Sell |
Range |
Target |
Stop Loss |
Buy (cash) |
1690-1700 |
1758 |
1657 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High / low |
200 M.A |
INDUSINDBK |
101955 |
1818/1137 |
1562 |

INDIAN OIL CORPORATION - SELL
Stock |
INDAIN OIL CORPORATION |
Recommendation |
The stock is in a lower top lower bottom chart structure on the daily chart and has given a close below its support levels. The weakness shown on the MACD histogram accentuates our negative view on the stock. |
Buy/Sell |
Range |
Target |
Stop Loss |
SELL-Jan Futures |
385-387 |
374 |
393.2 |
NSE Code |
Market Cap(Rs in Cr) |
52-week High /low |
200 M.A |
IOC |
186369 |
462/341 |
393 |

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