5 Stocks for next week (25th Sep- 29th Sep)

Apollo Hospitals

Recommendation

The stock has given a breakdown from a descending triangle formation on the daily chart. The stock has also breached its support levels on the weekly chart.

Buy/Sell

Range

Target

Stop Loss

Sell (Sep Futures )

1033-1040

973

1079

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

508869 

APOLLOHOSP

14357

1442/1032

1218

 Can Fin Homes

Recommendation

The stock is trading in a lower top lower bottom chart structure and has given a break down on the daily chart. The negative crossover signal on the daily MACD indicator further affirms our negative view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (Sep Futures )

2648-2660

2500

2775

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

511196

CANFINHOME

7098

3333/1252

2519

GAIL

Recommendation

 The stock has formed a top reversal pattern resembling a three black crow formation on the daily chart. The stock has also formed a bearish shooting star formation on the weekly chart which accentuates our negative view on the stock.  

Buy/Sell

Range

Target

Stop Loss

Sell (Sep Futures )

398-402

375

417

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532155

GAIL

67170

534/269

369

Repco Home Finance

Recommendation

The stock has breached its support levels on the weekly and daily chart. It is currently trading below its 10 period EMA. A bearish crossover signal on the daily MACD further affirms our negative view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (Sep Futures )

616-620

590

639

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

535322

REPCOHOME

3856

923/499

706

Chennai Petroleum Corporation

Recommendation

The stock has broken its short term support levels on the daily chart. It has also shown weakness on the daily MACD Histogram indicating further correction in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell(Sep Futures)

415-417

387

437

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500110

CHENNPETRO

6186

466/230

368