by
Gautam UpadhyayaLast Updated:
Oct 25, 2023 - 04:45 pm
202.1k
Views
1) ITC - BUY
Stock
ITC
Recommendation
The stock is on the verge of giving a double bottom breakout on the daily chart. The stock also formed a bullish hammer formation on the weekly chart. It has also witnessed a bullish crossover on the daily MACD indicator.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
260.5-262.5
274
254
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
ITC
318480
353/222
271
2) SUN TV - BUY
Stock
SUN TV
Recommendation
The stock is in a higher top higher bottom chart structure. It has formed a bullish engulfing candlestick pattern on the weekly chart. The price uptick has been backed by a smart surge in volumes.
Buy/Sell
Range
Target
Stop Loss
Buy(cash)
897-902
940
874
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
SUNTV
35475
950/458
772
3) BPCL - BUY
Stock
BPCL
Recommendation
The stock has given a breakout from a descending triangle formation on the daily chart. Derivative data is suggesting fresh long positions which are indicated by a surge in open interest and price.
Buy/Sell
Range
Target
Stop Loss
Buy (Cash)
511-515
538
498
NSE Code
Market Cap(Rs in Cr)
52-week High / low
200 M.A
BPCL
111564
551/398
478
4) INDIGO - BUY
Stock
INDIGO
Recommendation
The stock has formed a large bullish engulfing candlestick pattern on the daily chart. The stock has taken support along the 200 period EMA and has given a upward bounce which has been backed by a surge in volumes.
Buy/Sell
Range
Target
Stop Loss
Buy (cash)
1176-1183
1225
1148
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
INDIGO
45343
1346/810
1126
5) CENTURY TEXTILE - BUY
Stock
CENTURY TEXTILE
Recommendation
The stock is in a higher top higher bottom chart structure on the weekly chart. It has formed a bullish hammer formation on the weekly chart. Derivative data is suggesting fresh long formation in the stock which is indicated by a surge in open interest and price.
The week gone by was a truncated week of three trading sessions, but it was not short of any action as the index witnessed a smart recovery in three days. Nifty almost tested the previous all-time high above 22500 on the expiry day and ended just above 22300 with weekly gains of a percent.