5 Stocks for next week (30th Oct-3rd Nov)

No image Gautam Upadhyaya Gautam Upadhyaya 7th September 2023 - 05:09 pm
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1)TATA GLOBAL - Buy

Stock TATA GLOBAL
Recommendation The stock has managed to give a breakout from its sideways consolidation on the weekly and daily chart. The price outburst has been backed by a surge in volumes. The stock has also managed to give a bullish crossover on the daily MACD indicating that the bullish momentum is likely to continue.
Buy/Sell Range Target Stop Loss
Buy (Cash) 218.5-220.5 234 209.5
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
TATAGLOBAL 13837 114-220 171

2)UPL - Buy

Stock UPL
Recommendation The stock has formed a bullish engulfing candlestick pattern on the weekly chart. It is also on the verge of giving a double bottom breakout on the daily chart. The stock is indicating positive momentum on the daily MACD Histogram.
Buy/Sell Range Target Stop Loss
Buy (Cash) 828-832 878 796
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
UPL 42184 902/584 783

3)REC - Buy

Stock REC LTD
Recommendation The stock has managed to give a strong bounce from its support levels on the weekly chart. The stock has also managed to reverse its lower top lower bottom chart structure on the daily chart. We expect the positive momentum to continue in the in the stock in the following week.
Buy/Sell Range Target Stop Loss
Buy(Cash) 172-173.5 185 163
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
RECLTD 34087 223/113 164

4) IPCA - Buy

Stock IPCA LABS
Recommendation The stock is on the verge of giving a breakout from its sideways consolidation on the weekly chart. The stock has also managed to give a positive close above its 200 EMA on the daily chart. The trend and strength analysis indicates that the current momentum is likely to extend further.
Buy/Sell Range Target Stop Loss
Buy(Cash) 524.5-527.5 565 501
NSE Code Market Cap(Rs in Cr) 52-week High / low 200 M.A
IPCALAB 6617 656/400 507

5)TATA COMMUNICATION - Sell

Stock TATA COMMUNICATION
Recommendation The stock has shown weakness on the daily and weekly chart which is indicated on the MACD Histogram. The stock has also given a close below its 200 day EMA and breached its support zone.
Buy/Sell Range Target Stop Loss
Sell (Nov Futures) 660-664 626 686
NSE Code Market Cap(Rs in Cr) 52-week High /low 200 M.A
TATACOMM 18723 784/542 670

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