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Gautam Upadhyaya
19th January 2018
5 Stocks for next week 22nd Jan-26th Jan 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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