Five Stocks for next week

Five Stocks for next week
by Gautam Upadhyaya 08/04/2017

Stock

Vedanta Ltd

Recommendation

Vedanta has given a breakout from its sideways consolidation on the daily chart. The stock has shown good strength on weekly MACD Histogram.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

287-289

315

274

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500295 

VEDL

107,278.23

289.9/157.9

233

 

Stock

Lupin Ltd

Recommendation

We recommend a buy in Lupin, the stock has formed a bullish dragonfly doji on the daily chart .We expect a short term recovery in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

987-994

1060

960

 

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500257

LUPIN

44,829.08

1729/964

1321

 

Stock

Eicher Motors

Recommendation

Eicher Motors has formed a bullish engulfing chart pattern on the daily chart. The stock is currently trading at its life time highs; we expect the strong uptrend to continue in the stock.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

31560-31640

33700

30207

 

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

 505200 

EICHERMOT

86,481.73

31810/19570

25756

 

Stock

Tata Steel

Recommendation

Tata Steel has given a flag patter breakout on the weekly chart. The stock is trading in a higher top higher bottom chart structure.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

572-576

614

547

 

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500470

TATASTEEL

55,893.47

579.5/355

472

 

Stock

CEAT Ltd

Recommendation

We recommend a sell in CEAT Aug futures. The stock has given a downward breakout from the ascending triangle formation with a huge surge in volumes.

Buy/Sell

Range

Target

Stop Loss

Sell(Aug Futures)

1748-1756

1630

1849

 

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

 500878

CEATLTD

7,014.45

1948/837

1493

 



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