5 Stocks next week (27th Nov – 1st Dec)
07 Aug 2019
Jayesh Bhanushali
Untitled Document
Jubliant Foods- Buy
| Stock |
Jubliant Foods
|
|
Recommendation
|
The stock is trading in a strong higher top higher bottom chart structure and has managed to give a flag breakout on the daily charts. The price outburst has been backed by a surge in delivery volumes and rise in open interest in the future contract, indicating a buildup of long positions.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy (Cash)
|
1790-1805
|
1875
|
1750
|
Jet Airways - Sell
| Stock |
Jet Airways
|
|
Recommendation
|
The stock has given a sharp correction after testing its 52-week high. The stock has given a double top breakdown on the hourly charts indicating a possible correction going forward.
|
|
Buy/Sell
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Range
|
Target
|
Stop Loss
|
|
SELL (Future )
|
654-657
|
635
|
671
|
PC Jewellers - Buy
| Stock |
PC Jewellers
|
|
Recommendation
|
The stock is trading in a bullish higher top higher bottom chart structure and has given a bullish ascending triangle breakout on daily charts.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
SELL (Dec Future)
|
379-383
|
410
|
365
|
KEC International - Buy
| Stock |
KEC International
|
|
Recommendation
|
The stock has given a strong recovery from its recent low by taking support around its 89-day EMA on the daily chart. The stock has given a golden crossover breakout where 10-day EMA has crossed 50-day EMA on the daily charts. It has also given a bullish triangle breakout, indicating a price breakout which can take the stock above its 52-week high.
|
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Buy/Sell
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Range
|
Target
|
Stop Loss
|
|
Buy(Cash)
|
320-325
|
345
|
308
|
Bharat Financial - Buy
| Stock |
Bharat Financial
|
|
Recommendation
|
The stock is trading in a strong higher top higher bottom chart structure and has given a bullish symmetrical triangle breakout on daily charts.
|
|
Buy/Sell
|
Range
|
Target
|
Stop Loss
|
|
Buy(Cash)
|
985-990
|
1030
|
965
|
Research Disclaimer