5 Stocks for next week 19th-23rd March 2018
1) Shriram City Union Finance Limited- BUY
Stock | Shriram City Union Finance Limited | ||
| Recommendation | The stock has given a breakout from a declining trend line backed by a smart uptick in volume on the weekly chart. The stock has also witnessed a bullish crossover on the weekly MACD indicator, which affirms our bullish stance. | ||
| Buy/Sell | Range | Target | Stop Loss |
| BUY | 2,136-2,154 | 2,280 | 2,040 |
| NSE Code | Market Cap (in Rs cr) | 52-week high/low | 200 DMA |
| SHRIRAMCIT | 14,161 | 2,648/1,867 | 2,079 |
2) ADANIPORTS – Sell
| Stock | ADANIPORTS | ||
| Recommendation | The stock is trading in a lower top-lower bottom chart structure and has given a breakdown from a symmetrical triangle formation on the daily chart. Derivative data indicates fresh short formation. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL (March Futures) | 372-375 | 355 | 387 |
| NSE Code | Market Cap (in Rs cr) | 52-week high/low | 200 DMA |
| ADANIPORTS | 76,511 | 451/317 | 389 |
3) Escorts Limited - Sell
Stock | Escorts Limited | ||
| Recommendation | The stock has witnessed a breakdown from a descending triangle formation on the daily chart. It has given a close below its 10-day EMA and has also observed a bearish crossover on the weekly MACD indicator. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell(March Futures) | 835-840 | 804 | 865 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 DMA |
| ESCORTS | 10,135 | 921/513 | 717 |
4)Voltas Limited - Sell
Stock | Voltas Limited | ||
| Recommendation | The stock has given a breakdown below its rising trend line on the daily chart. It has also formed a bearish engulfing candlestick pattern on the daily chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL (March Futures) | 631-635 | 606 | 651 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 DMA |
| VOLTAS | 20,746 | 675/382 | 557 |
5) Container Corporation of India Limited - Sell
Stock | Container Corporation of India Limited | ||
| Recommendation | The stock has witnessed a flag pattern breakdown on the daily chart backed by a surge in volumes. Derivative data suggests fresh short formation in the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL (March Futures) | 1,208-1,216 | 1,155 | 1,252 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 DMA |
| CONCOR | 29,319 | 1,500/976 | 1,284 |
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