5 Stocks for next week 2nd-6th April, 2018
Last Updated: 28th March 2018 - 03:30 am
1)Britannia Industries Limited
| Stock | Britannia Industries Limited | ||
|
Recommendation | The stock has witnessed a breakout from its sideways consolidation and has managed to give a close at its all-time high on the weekly chart. It has also witnessed a bullish crossover on the daily MACD indicator which affirms our bullish view on the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy | 4,940-4,970 | 5,210 | 4,780 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 D-EMA |
| BRITANNIA | 59,891 | 5,057/3,298 | 4,430 |
2) Mahindra & Mahindra Financial Services Limited
| Stock | Mahindra & Mahindra Financial Services Limited | ||
|
Recommendation | The stock is trading in a higher top-higher bottom chart structure and has given a positive bounce from its support levels. The stock has also shown positive momentum on the daily MACD histogram. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 460-464 | 488 | 445.8 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 D-EMA |
| M&MFIN | 28,423 | 593/290 | 421 |
3) Muthoot Finance Limited
| Stock | Muthoot Finance Limited | ||
|
Recommendation | The stock has formed a bullish engulfing candlestick pattern and has managed to give a close above the bearish trend line on the weekly chart. It has also witnessed bullish divergence on the daily stochastic. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Buy (Cash) | 404-408 | 434 | 391 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 D-EMA |
| MUTHOOTFIN | 16,156 | 525/348 | 423 |
4) Balrampur Chini Mills Limited
| Stock | Balrampur Chini Mills Limited | ||
|
Recommendation | The stock has given a breakdown from a rectangle formation on the daily chart backed by a surge in volumes. It is also on the verge of witnessing a bearish crossover on the daily MACD indicator. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (April Futures) | 75.5-76.5 | 68 | 80.8 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 D-EMA |
| BALRAMCHIN | 1,772 | 182/74 | 134 |
5) Reliance Communications Limited
| Stock | Reliance Communications Limited | ||
|
Recommendation | The stock is trading in a lower top-lower bottom chart structure and has witnessed a breakdown below its support levels on the daily chart. Derivative data indicates fresh short formation in the stock. | ||
| Buy/Sell | Range | Target | Stop Loss |
| Sell (April Futures) | 21.7-22.2 | 20 | 23.2 |
| NSE Code | Market Cap(in Rs cr) | 52-week high/low | 200 D-EMA |
| RCOM | 6,015 | 41/9 | 25 |
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5paisa Research Team
Sachin Gupta
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