5 Stocks for next week 29th Jan-2nd Feb 2018
BEML - SELL
| Stock | BEML | ||
|---|---|---|---|
| Recommendation | The stock has breached the symmetrical triangle formation on the daily chart backed by a surge in volumes. The stock has also shown weakness on the daily MACD Histogram. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL(FEB FUTURES) | 1493-1502 | 1435 | 1548 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 Day M.A |
| BEML | 6156 | 1947/1125 | 1544 |
CHENNAI PETROLEUM - SELL
| Stock | CHENNAI PETROLEUM | ||
|---|---|---|---|
| Recommendation | The stock has breached its support levels on the daily chart backed by a surge in volumes; the stock has also formed a large bearish candle on the weekly chart and has given a close below its 10 period EMA on the weekly chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL(FEB FUTURES) | 419-422 | 396 | 436 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 Day M.A |
| CHENNPETRO | 6228 | 477/326 | 400 |
RAYMOND LTD - SELL
| Stock | RAYMOND LTD | ||
|---|---|---|---|
| Recommendation | The stock continued to face selling pressure near its resistance zone and has formed a large bearish engulfing candlestick pattern on the daily chart. The stock has also shown weakness on the daily MACD Histogram. | ||
| Buy/Sell | Range | Target | Stop Loss |
| SELL(FEB FUTURES) | 1080-1088 | 1016 | 1139 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| RAYMOND | 6608 | 1141/492 | 862 |
ITC - BUY
| Stock | ITC LTD | ||
|---|---|---|---|
| Recommendation | The stock is also in a higher top higher bottom chart structure. The stock has witnessed a positive bounce after consolidating in a sideways range for the past few months. The trend and strength analysis indicates that the current momentum is likely to continue further. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 280-282 | 295 | 273 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| ITC | 342368 | 353/250 | 242 |
RELIANCE INDUSTRIES - BUY
| Stock | RELIANCE INDUSTRIES | ||
|---|---|---|---|
| Recommendation | The stock is in a rising channel formation on the weekly chart and has given a positive bounce from its support levels. We expect the positive momentum to continue in the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 961-967 | 1020 | 923 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| RELIANCE | 610898 | 990-507 | 817 |
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