The stock has given a breakdown from a descending triangle formation on the daily chart. It has also formed a strong bearish engulfing candlestick pattern on the daily chart. We expect the bearish trend to continue next week.
Buy/Sell
Range
Target
Stop Loss
Sell (Dec Futures)
385-388
369
400
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
ADANIPORTS
80787
443/257
369
AUROBINDO PHARMA - SELL
Stock
Aurobindo Pharma
Recommendation
The stock has given a bearish flag pattern breakdown on the daily chart. Also, the stock has witnessed bearish crossover on the MACD indicator, which affirms our negative view on the stock.
Buy/Sell
Range
Target
Stop Loss
Sell (Dec Futures)
676-681
648
702
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
AUROPHARMA
39576
808/504
713
PETRONET LNG - SELL
Stock
Petronet Lng
Recommendation
The stock has given a breakdown after forming a rounding top formation on the daily chart. The stock also has breached its support levels and has given a close below its short term 10 period exponential moving average. We expect the downtrend in the stock to continue.
Buy/Sell
Range
Target
Stop Loss
Sell (Dec Futures)
245-247
233
255
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
PETRONET
36600
276/171
224
VOLTAS - SELL
Stock
Voltas
Recommendation
The stock has formed a bearish gravestone doji formation on the weekly chart. It has also formed a large bearish candlestick pattern on the daily chart. The bearish crossover on the daily MACD indicator affirms our negative view on the stock.
Buy/Sell
Range
Target
Stop Loss
Sell (Dec Futures)
621-624
605
637
NSE Code
Market Cap(Rs in Cr)
52-week High /low
200 M.A
VOLTAS
20451
653/300
492
JUBILIANT LIFE SCIENCE - BUY
Stock
Jubiliant Life Science
Recommendation
The stock has managed to give a double bottom breakout on the daily chart. It has also managed to give a close above the declining trend line on the weekly chart. The trend and strength analysis indicated that that the current momentum is likely to extend further.
In the heart of the bustling Indian stock market, a tale of triumph unfolded on November 30th, as Tata Technologies made an awe-inspiring debut. The curtains lifted at ₹1,200 apiece on the National Stock Exchange (NSE), casting a premium spell of 140% over the issue price of ₹500 per share. This stellar entry marked the grandest listing since November 2021, echoing through the financial corridors with waves of excitement.
Movement of the Day
Analysis
1. Strengths: Strong Momentum: Price above short, medium and long term from 5 days to 200 days respectively.
2. Positive break-out.
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