Gautam Upadhyaya
29th September 2017
5 Stocks for next week (3rd Oct- 6th Oct)
Bajaj Auto- Buy
| Stock | Bajaj Auto | ||
| Recommendation | The stock is on the verge of giving a flag pattern breakout on the daily chart. It has also managed to give a closing at its all time high on the weekly chart. The positive strength on weekly MACD Histogram further affirms our bullish view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 3100-3110 | 3260 | 2995 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| BAJAJ-AUTO | 90035 | 3181/2510 | 2833 |
Ashok Leyland- Buy
| Stock | Ashok Leyland | ||
| Recommendation | The stock is in a higher top higher bottom chart structure. It has managed to give a breakout on the daily chart backed by a surge in volumes. It has also formed a bullish engulfing chart pattern on the weekly chart. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash ) | 121-123.2 | 134 | 116 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| ASHOKLEY | 36113 | 123/73 | 98 |
Canara Bank- Sell
| Stock | Canara Bank | ||
| Recommendation | The stock has given a breakdown from its support levels on the weekly chart. The stock is also in a lower top lower bottom chart structure. We expect the weakness in the stock to continue in the following week. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Oct Futures ) | 310-312 | 290 | 326 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| CANBK | 18399 | 414/236 | 323 |
Punjab National Bank- Sell
| Stock | Punjab National Bank | ||
| Recommendation | The stock is currently trading below its 200-day EMA and has also shown weakness on the weekly chart. The negative crossover on MACD indicator further accentuates our bearish view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Oct Futures ) | 130-132 | 118 | 138 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| PNB | 27461 | 185/112 | 143 |
HUL- Sell
| Stock | HUL | ||
| Recommendation | The stock has shown weakness on the daily and weekly MACD Histogram. The stock also formed a shooting star formation the weekly chart. We expect the negative trend in the stock to continue in the following week. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (Oct Futures ) | 1175-1184 | 1120 | 1218 |
| NSE Code | Market Cap(Rs in Cr) | 52-week High /low | 200 M.A |
| HINDUNILVR | 254357 | 1286-782 | 1055 |
Tanushree Jaiswal