5 Stocks for next week (13th Nov-17th Nov)
1) IPCA Lab - Buy
| Stock | IPCA LAB | ||
|---|---|---|---|
| Recommendation | The stock has managed to give a breakout from its sideways consolidation on the weekly and daily chart. The price outburst has been backed by a surge in volumes. The stock has shown good strength on the daily MACD Histogram indicating that the bullish momentum is likely to continue. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 579-584 | 616 | 555 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High / low | 200 M.A |
| IPCALAB | 7339 | 656/400 | 510 |
2) State Bank of India - Buy
| Stock | STATE BANK OF INDIA | ||
|---|---|---|---|
| Recommendation | The stock has given a breakout from its sideways consolidation and is in the process of completing the flag pattern on the daily chart. The price outburst has been backed by a surge in volumes. The trend and strength analysis indicates that the current momentum is likely to continue further. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 331-334 | 360 | 317 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| SBIN | 287619 | 351/231 | 277 |
3) PC Jeweller - Buy
| Stock | PC JEWELLER | ||
|---|---|---|---|
| Recommendation | The stock is in a strong uptrend and is in a higher top higher bottom chart structure. The stock has also managed to give a close at its all-time high on the weekly chart. We expect the positive momentum to continue in the following week. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy(Cash) | 374-377 | 402 | 361 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| PCJEWELLER | 14875 | 395/143 | 285 |
4) HPCL - Buy
| Stock | HINDUSTAN PETROLEUM | ||
|---|---|---|---|
| Recommendation | The stock has shown weakness on the daily and weekly chart. The stock is on the verge of giving a breakdown from a double top formation. We expect the stock to correct further in the following week. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Nov Futures) | 419-423 | 394 | 437 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High / low | 200 M.A |
| HINDPETRO | 63589 | 494/272 | 391 |
5) Cadila Healthcare - Sell
| Stock | CADILA HEALTHCARE | ||
|---|---|---|---|
| Recommendation | The stock has given a breakdown below its support levels and has given a closing below its 200 period exponential moving average. The stock has also given a bearish crossover on the daily MACD indicator which affirms our negative view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Nov Futures) | 466-470 | 444 | 483 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High / low | 200 M.A |
| CADILAHC | 47629 | 558/329 | 472 |
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