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5 Stocks for next week (16th - 20th Oct)
Gautam Upadhyaya
13th October 2017
ICICI BANK - Buy
| Stock | ICICI BANK | ||
|---|---|---|---|
| Recommendation | The stock has given an upward bounce after forming a bullish doji on the daily chart. It has also taken support along the rising trend line on the weekly chart. The stock is on the verge of giving a bullish crossover signal on the daily MACD. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 270-272 | 284 | 263.8 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| ICICIBANK | 174396 | 327/215 | 274 |
TATA STEEL - Buy
| Stock | Tata Steel | ||
|---|---|---|---|
| Recommendation | The stock is in a higher top higher bottom chart structure. It has managed to give a breakout on the daily chart backed by a surge in volumes. The stock is currently trading at its 52 week high and we expect the positive momentum to continue. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 708-711 | 758 | 676 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| TATASTEEL | 69019 | 715/355 | 540 |
HDFC BANK - Buy
| Stock | HDFC BANK | ||
|---|---|---|---|
| Recommendation | The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation on the daily chart. The stock has also taken support along the weekly EMA. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy(Cash) | 1840-1852 | 1925 | 1788 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| HDFCBANK | 477961 | 1868/1159 | 1596 |
JINDAL STEEL & POWER - Buy
| Stock | Jindal Steel & Power | ||
|---|---|---|---|
| Recommendation | The stock managed to give an ascending triangle breakout on the daily chart. It has also managed to give a closing above its 200 day EMA. The bullish crossover signal on the daily MACD affirms our view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy(Cash) | 161-163 | 178 | 153 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| JINDALSTEL | 14882 | 165/62 | 122 |
ZEE ENTERTAINMENT - Sell
| Stock | Zee Entertainment | ||
|---|---|---|---|
| Recommendation | The stock has shown weakness on the daily and weekly chart which is indicated on the MACD Histogram. The stock is also currently trading below its 200 day exponential moving average on the daily chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Oct Futures ) | 513-516 | 498 | 525.2 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| ZEEL | 49011 | 588/428 | 512 |
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