Special Report: Super 5 Stocks for BTST

1.VEDANTA

Last week we saw a huge movement in Vedanta; this movement came on the back of news that Vedanta to make iron pipes soon. Price closed flat at 263.30 in F&O. The overall trend is bullish and also breaks the 52 week high. There is immediate support below the level of 259 and 252, the resistance of 266 and the next immediate resistance of 270. Those investors can take buy position when the breakout of resistance level 266 will do. And put the profit part when prices would comes at level of 270 with risk part of 259. Hindalco Industries Ltd, Vedanta Ltd and state-owned National Aluminium Co Ltd have claimed that China is offering huge subsidy in power charges and incentive on export of finished and semi-finished products. In addition, India’s free trade agreement (a pact between countries to reduce or eliminate tariff or non-tariff trade barriers) with Thailand, Vietnam and Malaysia has only aggravated the surge in imports.

2.PETRONET LNG

Yesterday prices of Petro net closes positive at 401 changes in percent of 3.4%. Petronet excluded from Nifty Midcap 50. Technically in daily chart, overall trend is bullish but we can see that there is consolidation range between 398-348 and in Friday trading session we saw that it break the consolidation level at 398. As of now we see that the prices get closed at level of 401 so we need to wait for the retracement of the stock prices to the level of 390 upto 50%. So, the investor can take long position when the prices retrace to the level of 390 it can further breach to the level of 400-410 and can put the risk part below the level of 370. In coming day we can see that it would break all time high.

3.Bharat Financial Inclusion Limited

The stock of Bharat Financial Inclusion Limited is strong bullish in coming days. The stock, since taking support at 470 in end December 2016, then stock has taken uptrend. The long term trend is also up for the stock. But the stock encountered a key resistance at 760 and tested it for number of three times. In last week, the stock break the level of 850 and made high of 876 and jumped around 10 percent in a last week. The buying interest is evident as the daily and weekly chart. It can extend its uptrend and reach the price targets of 900 and 920 in the upcoming trading session. Buy the stock with stop loss at 830. 

4.RBL Bank Limited

The stock of RBL Bank Limited is strong bullish in near term. Investors with a short-term perspective can consider buying the stock of RBL Bank at current levels. RBL Bank Managing Director, said that the bank’s unexpectedly high loan growth in the third quarter. Net profit increased to 129 crore or 3.27 per share in the quarter ended December. In last week, the stock jumped around 10 per cent with above average volume breaking though a key immediate resistance at around 400. Since taking support at 285 in late September 2016, the stock has been trending upwards and has been on an intermediate-term uptrend. In late December, the stock took support at 330 and resumed its uptrend. It has been on a short-term uptrend since then. While trending up, the stock conclusively breached its 21- and 50-DMAs and now trades well above them. Buying interest is evident as both the daily and weekly price rate of change indicators hover in the positive territory. The short-term outlook is bullish for the stock of RBL Bank. Traders with a short-term horizon can consider buying the stock while maintaining a stop-loss at 390. Short-term targets are 430 and 445 levels.