5 Stocks for next week (3rd Oct- 6th Oct)

by Gautam Upadhyaya Last Updated: Sep 29, 2017 - 03:30 am 196.7k Views

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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

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