5 Stocks For Next week

Gautam Upadhyaya

21 Jul 2017

Untitled Document

1) Canfinhome - Aug Fut Sell Range  of Rs 3080-3120; Target Rs 2950; Stop Loss Rs 3185.

image

Canfinhome has formed a bearish Hanging Man and Doji star candlestick pattern on weekly charts. It has faced multiple resistances around the 3200 mark. The stock will enter a bearish lower top lower bottom chart structure, if it closes below the 3000 mark. Hence, we recommend a sell in the stock with a target of 2950. 

2)Titan Ltd - Buy Range Rs 535-538; Target Rs 575; Stop Loss Rs 521

Titan has given a breakout from its sideways consolidation on the daily and weekly chart. The stock has also shown strength on the weekly MACD Histogram. We recommend a buy in the stock with a target of  575.

3) BEML - Buy Rs 1584-1590; Target Rs 1780; Stop Loss Rs 1490

BEML is on the verge of giving a flag pattern breakout on the  weekly chart .The stock has given a breakout from its sideways consolidation on the daily with a surge in volumes. We recommend a buy in the stock with a target price of Rs 1780.

4) Coal India - Buy Rs 259-262; Target Rs 286; Stop Loss Rs 245

Coal India has given a double bottom breakout on the daily chart, the breakout has been backed by a surge in volumes. The stock has also managed to give a closing above its short term 10 day EMA. We expect the uptrend to continue in the stock and recommend a buy with a target of 286. 

5) Wipro - Buy Rs 289-292; Target Rs 310; Stop Loss Rs280

Wipro has managed to give a breakout from the downward sloping trend line on the weekly chart. The stock has also witnessed short covering. We recommend a buy in Wipro 280 Call option with a target of Rs 15. 


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mutual-fund

Why to Choose Mutual Funds Instead of Directly Investing Into Equities?

Whether to invest in equities or mutual funds is a question that has plagued every investor. As someone who needs the best value for his/her investment should you invest in equity directly or via mutual funds?

Let’s start by first understanding what these two terms ‘equities’ and ‘mutual funds’ stand for-

Equities- Equities generally represent ownership of a company. If you own any equity in a company, you are a part owner of the said company (depending on how much equity you own).

Mutual Funds – It is an investment scheme which is professionally managed by an asset management company. It pools together the resources of a group of people and invests their money in equities, debentures, bonds and other securities.

Why choose mutual funds over equities?

For people who’ve never invested in either stocks or mutual funds, it is hard to know which is better and where to start. Broadly speaking, if you are a novice investor, mutual funds are not only less risky but also way easier to manage. Here are some ways in which investing in mutual funds is beneficial as opposed to investing in equities -

Diversification

Mutual funds provide more diversification as compared to an individual equity stock. When you invest in equity, you are investing in a single company which has its inherent risk. For example, if you invest Rs.20,000 in buying equities of one company, you could face a total loss if that particular company performs poorly in the market.  

If you invest the same amount in mutual funds, it will be invested in different kinds of stocks and financial instruments, high-risk and low-risk both, so you might not face total loss even if one company does poorly.

Scale of Investment and Lower Costs

For an individual investor buying and selling stocks is a difficult task due to its high price. Thus, any gains made from stock appreciation are nullified if the overall trading costs are considered. Comparatively with mutual funds, as the money is pooled from a large number of investors, the cost per individual is lowered.  

Another advantage of mutual funds is that you don’t need to invest large sums of money. Buying equities for a profitable venture needs huge amounts of money, a minimum of few lakhs. With mutual funds, you can start with Rs.1000 and earn profits on that as well.

Convenience

Keeping an eye on the markets everyday is a time-consuming business, especially if you are investing as a side gig. There are people who spend their lives studying the market and still end up sustaining heavy losses. Though investing in mutual funds does not guarantee high returns, it is stress-free and needs less work as compared to investing in equities.

To sum it up

It is important to remember that mutual funds have their own disadvantages as well. Thus, as with any financial decision, educating yourself and understanding the suitability of all the available options is the ideal way to invest. 


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5 Stocks For Next week

Gautam Upadhyaya

21 Jul 2017

Untitled Document

1) Canfinhome - Aug Fut Sell Range  of Rs 3080-3120; Target Rs 2950; Stop Loss Rs 3185.

image

Canfinhome has formed a bearish Hanging Man and Doji star candlestick pattern on weekly charts. It has faced multiple resistances around the 3200 mark. The stock will enter a bearish lower top lower bottom chart structure, if it closes below the 3000 mark. Hence, we recommend a sell in the stock with a target of 2950. 

2)Titan Ltd - Buy Range Rs 535-538; Target Rs 575; Stop Loss Rs 521

Titan has given a breakout from its sideways consolidation on the daily and weekly chart. The stock has also shown strength on the weekly MACD Histogram. We recommend a buy in the stock with a target of  575.

3) BEML - Buy Rs 1584-1590; Target Rs 1780; Stop Loss Rs 1490

BEML is on the verge of giving a flag pattern breakout on the  weekly chart .The stock has given a breakout from its sideways consolidation on the daily with a surge in volumes. We recommend a buy in the stock with a target price of Rs 1780.

4) Coal India - Buy Rs 259-262; Target Rs 286; Stop Loss Rs 245

Coal India has given a double bottom breakout on the daily chart, the breakout has been backed by a surge in volumes. The stock has also managed to give a closing above its short term 10 day EMA. We expect the uptrend to continue in the stock and recommend a buy with a target of 286. 

5) Wipro - Buy Rs 289-292; Target Rs 310; Stop Loss Rs280

Wipro has managed to give a breakout from the downward sloping trend line on the weekly chart. The stock has also witnessed short covering. We recommend a buy in Wipro 280 Call option with a target of Rs 15. 


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