5 Stocks for next week (18th Sep- 22nd Sep)

Bajaj Auto

Recommendation

The stock has given a Flag Pattern breakout on the daily chart. Volumes have backed the price outburst, which affirms our positive outlook on the stock.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

3005-3026

3190

2905

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532977

BAJAJ-AUTO

87676

3047/2515

2808

 Infosys

Recommendation

The stock has given a breakout from a rounding bottom consolidation on the daily chart and has also managed to give a close above its 10 period EMA.

Buy/Sell

Range

Target

Stop Loss

Buy(Cash)

903-909

955

879

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

500209 

INFY

209159

1094/861

972

HCL Technologies

Recommendation

The stock is trading in a higher top higher bottom chart structure. It is also trading in a rising channel formation. We expect the stock to move towards the upper end of the channel.

Buy/Sell

Range

Target

Stop Loss

Buy (Cash)

882-888

930

855

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532281

HCLTECH

123399

926/731

847

SREI INFRA

Recommendation

The stock has given a breakdown from a rising trend line on the daily chart. It has also given a bearish cross over signal on the daily MACD indicator which affirms our negative view on the stock.

Buy/Sell

Range

Target

Stop Loss

Sell (Sep Futures )

109.5-110.5

102

115.2

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

523756 

SREINFRA

5538

137/63

96

HDIL

Recommendation

The stock has given a breakdown from its support levels on the weekly chart and is currently trading below its 10 period EMA. We expect the longer term down trend to continue in the stock.

Buy/Sell

Range

Target

Stop Loss

Sell(Sep Futures)

61.9-62.2

57

65.3

BSE Code

NSE Code

Market Cap(Rs in Cr)

52-week High /low

200 M.A

532873

HDIL

2684

102/45

86