Tuesday 7 February 2017

Special Report:Super 5 Stocks for BTST

1.SUNTV

Yesterday we saw a huge movement in Suntv Network, this spike came on the back of news that ex-telecom minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife Kaveri Kalanithi, were discharged by a special court on Thursday on charges of bribery and money laundering in the Aircel-Maxis deal. Price closed at 678.70 in F&O chances in percent 22. We saw on opening of trading session on friday there is gap up opening of around 75 points and technically in daily time frame we saw that there is breakout of symmetrical triangle pattern. The Gap which is formed is termed as breakaway Gap and from this level the trend is bullish and it take a long time to fill this gap because the breakout done in huge volume. 
Those investors can take buy position when the breakout of resistance level 696 will do. And put the profit part when prices would comes at level of 735 with risk part of 660.
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 2.AUROPHARMA

Yesturday prices of Auropharma closes negative at 685 changes in percent of -0.60%. Aurobindo Pharma gets USFDA approval for Levalbuterol hydrochloride solution (used in the treatment of asthma). Technically in daily chart, overall trend is consolidated and from last few days we saw there is inverted head and shoulder pattern formation. As of now if it breaks the level of 700 in coming day the prices would be breach to the 755-789. So, the investor can take long position when the prices break the level of 700 it can further breach to the level of 755-760 and can put the risk part below the level of 655.

 3.The Tinplate Company of India Limited

The stock of Tinplate Company of India Limited is bullish in near term. Since taking support at around 67 in late November 2016, the stock has been on a medium-term uptrend. The short-term trend is also up for the stock. In early January, the stock conclusively breached its moving average compressions (21-, 50- and 200-DMAs) at around 80. But the stock encountered a key resistance at 83.5 and tested it for more then two weeks. In last week , the stock break the level of 85 and made high of 87 and jumped 3 per cent and broke through the key resistance at 85. The daily relative strength index has entered the bullish zone from the neutral region. Moreover, the buying interest is evident as the daily and weekly price rate of change indicators are featuring in the positive territory. The short-term uptrend is intact. It can extend its uptrend and reach the price targets of 89 and 91 in the upcoming trading sessions. Buy the stock with stop-loss at 80.

 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. On Friday, the stock jumped 6 per cent with above average volume breaking though a key immediate resistance at around 395. 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 385. Short-term targets are 415 and 440 levels




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