Stocks

#14 Stock Update: Weekly Picks 11th July to 15th July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
Bharat Forg
331
337/345
315
A Dragon fly Doji on Daily chart closed over 200DEMA with the support of RSI and stochastic. I recommend to buy with a strict SL.
Cairn
323
330/344
315
A dragon fly doji closed over all the short term moving averages with the support of all indicators.
CumminsInd

681.60
708/725
660
A close over 200 DEMA on daily chart was supported by bullish crossover of stochastics and RSI. Weekly chart has witnessed a dragon fly Doji.
Essar Oil
129
132/138
123
A strong bullish candle closed above 200 DEMA with a support taken at 100 DEMA. Weekly chart has also witnessed a close over 200 WEMA.
HDIL
172.50
178/186
164
A close over 100 DEMA with the support of bullish crossover of RSI. Weekly chat has witnessed close over all short term moving averages.
Syndicate Bank

119
123/130
112
A close over all the short term moving averages was supported by bullish crossover of the RSI. Weekly has also seen a  close over all the moving averages.
WIPRO
431
438/452
424
A dragon fly doji on daily and weekly chart seems short term bullish. So this stock is recommended only to HIGH RISK CLIENT.

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