Stocks

#11 Stock Update: Weekly Picks 27th June to 1st July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
LONG TERM HOLD
Ranbaxy
535.50
575
515
“Morning star” pattern is seen on dailychart while Dragon fly Doji is seen on weekly chart. On daily Chart RSI and stochastic are suggesting a strong buy with 56 and 35 levels respectively.
Yes with Tgt of  628
PIRHealth
374.20
394
362
A dragon fly Doji is supported pn weekly chart with a long legged spin bodied bull candle. 14 Day RSI is strong on daily chart at 46.
Yes with tgt of 430
L&T
1739.40

1766/1802
1703
A close over 200 DEMA on daily chart with strong buy indication by Stochastic for short term. Weekly Indicators are strong with MACD and RSI.
Yes but buy on dips with SL of 1637 and tgt 2002.
JSW Steel
871.30
887/903
835
BUY on dips. “Morning star” formation has been seen on daily chart with a stochastic crossover at the 30 levels. Dragon fly doji is witnessed on weekly chart.
Yes with a SL of 800 and tgt of 996 to 1050

ICICI Bank
1064
1090/1127
1035
Daily chart has witnessed close over 200 DEMA and all other major moving averages. RSI and Stochastic are strong at 50 level marks.
No
Hindalco
172.80
180/186
167
“Morning Star” has been seen on daily chart which is a reversal sign of the down trend. RSI is at 52 showing strong buy with MACD and Stochastic supporting it. On weekly chart long legged bull candle is also representing bullish sentiments of investors.
No
Bajaj- Auto
1387
1422/1458
1340
A long bullish candle is seen on daily chart with MACD crossing the centre line. RSI is at 59 suggesting a buy for the stock. Weekly chart is also showing some dicey picture.
Risky investors can with a SL of 1258 and tgt 1650

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