Gautam Upadhyaya
23rd February 2018
5 Stocks for next week 26th Feb-2nd March 2018
1)Britannia Industries - Buy
Stock | Britannia Industries | ||
| Recommendation | The stock has managed to give a breakout from its sideways consolidation on the weekly chart and is currently trading at its life time high. The stock has also shown good strength on the daily MACD Histogram, which affirms our bullish view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 4948-4964 | 5280 | 4748 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 Day M.A |
| BRITANNIA | 59609 | 4981/3052 | 4319 |
2) Karnataka Bank - Buy
Stock | Karnataka Bank | ||
| Recommendation | The stock has formed a bullish engulfing candlestick pattern on the daily chart. Derivative data indicates fresh long formation. The stock has also formed a bullish doji formation on the weekly chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 132-134 | 143 | 127 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 Day M.A |
| KTKBANK | 3764 | 181/112 | 148 |
3) IRB Infrastructure Developers - Buy
Stock | IRB Infrastructure Developers | ||
| Recommendation | The stock has formed a large bullish candlestick on the daily chart and has managed to give a close above its 200 day EMA. Derivative data indicates fresh long formation. | ||
| Buy/Sell | Range | Target | Stop Loss |
|
| 226-228 | 245 | 215 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| IRB | 8004 | 272/193 | 226 |
4) CEAT- Buy
Stock | CEAT | ||
| Recommendation | The stock has witnessed fresh long position, which is suggested by a surge in open interest and price and has also witnessed a sharp pullback on the 60 min chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 1611-1618 | 1694 | 1556 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| CEATLTD | 6536 | 2030/1136 | 1694 |
5) UPL Limited - Buy
Stock | UPL Limited | ||
| Recommendation | The stock has formed a large bullish candle on the daily chart backed by a surge in volumes and has given a positive bounce from its support levels. The stock has also formed a bullish hammer candlestick pattern on the weekly chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 695-701 | 744 | 672 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| UPL | 35562 | 902/671 | 762 |
Tanushree Jaiswal