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