Five Stocks for next week
04 Aug 2017
Gautam Upadhyaya
Untitled Document
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Stock
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Vedanta Ltd
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Recommendation
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Vedanta has given a breakout from its sideways consolidation on the daily chart. The stock has shown good strength on weekly MACD Histogram.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy (Cash)
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287-289
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315
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274
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500295
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VEDL
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107,278.23
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289.9/157.9
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233
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Stock
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Lupin Ltd
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Recommendation
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We recommend a buy in Lupin, the stock has formed a bullish dragonfly doji on the daily chart .We expect a short term recovery in the stock.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy(Cash)
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987-994
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1060
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960
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500257
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LUPIN
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44,829.08
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1729/964
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1321
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Stock
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Eicher Motors
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Recommendation
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Eicher Motors has formed a bullish engulfing chart pattern on the daily chart. The stock is currently trading at its life time highs; we expect the strong uptrend to continue in the stock.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy(Cash)
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31560-31640
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33700
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30207
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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505200
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EICHERMOT
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86,481.73
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31810/19570
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25756
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Stock
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Tata Steel
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Recommendation
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Tata Steel has given a flag patter breakout on the weekly chart. The stock is trading in a higher top higher bottom chart structure.
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Buy/Sell
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Range
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Target
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Stop Loss
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Buy(Cash)
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572-576
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614
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547
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500470
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TATASTEEL
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55,893.47
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579.5/355
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472
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Stock
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CEAT Ltd
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Recommendation
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We recommend a sell in CEAT Aug futures. The stock has given a downward breakout from the ascending triangle formation with a huge surge in volumes.
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Buy/Sell
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Range
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Target
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Stop Loss
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Sell(Aug Futures)
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1748-1756
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1630
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1849
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BSE Code
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NSE Code
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Market Cap(Rs in Cr)
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52-week High /low
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200 M.A
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500878
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CEATLTD
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7,014.45
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1948/837
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1493
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Disclaimer: https://www.5paisa.com/research/disclaimer