5 Stocks for next week 22nd Jan-26th Jan 2018

5 Stocks for next week 22nd Jan-26th Jan 2018
by Gautam Upadhyaya 19/01/2018

TORRENT POWER - BUY

Stock TORRENT POWER
Recommendation The stock is in a higher top higher bottom chart structure. It has managed to give a breakout from its sideways consolidation backed by a surge in volumes on the daily chart. The stock has also witnessed a bullish crossover on the daily MACD Histogram.
Buy/Sell Range Target Stop Loss
Buy(cash) 300-303 322 287
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 Day M.A
TORNTPOWER 14562 304/171 236

IBULHSGFIN - BUY

Stock IBULHSGFIN
Recommendation The stock has managed to give a breakout for its sideways consolidation on the daily backed by a smart uptick in volumes. Derivative data is also suggesting  fresh long build up, which is indicated by surge in price and O.I.
Buy/Sell Range Target Stop Loss
Buy(cash) 1292-1304 1370 1256
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 Day M.A
IBULHSGFIN 55565 1374/741 1139

 

PERSISTENT-Buy

Stock PERSISTENT SYSTEMS
Recommendation The stock is in a strong uptrend and has managed to form a bullish engulfing candlestick pattern on the daily chart. The stock has also managed to give a double bottom breakout on the 15 min chart. The trend and strength analysis indicates that the current momentum is likely to continue further.
Buy/Sell Range Target Stop Loss
Buy(cash) 765-770 807 742
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
PERSISTENT 6160 798/552 654

AMBUJA CEMENT - SELL

Stock AMBUJA CEMENTS
Recommendation The stock has formed a large bearish candle on the daily chart and has given a close below the rising trend line. The stock has also shown weakness on the daily MACD histogram.
Buy/Sell Range Target Stop Loss
Sell Jan Futures 269-271 258 278
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
AMBUJACEM  53324 291/218 262

IDFC - SELL

Stock IDFC
Recommendation The stock has formed a large bearish candlestick on the weekly chart. It has also given a close below its 200day EMA on the daily chart. Derivative data also suggesting fresh short positions.
Buy/Sell Range Target Stop Loss
SELL-Jan Futures 58-58.7 52.8 61.7
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
IDFC 9258 68/50 59

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