Special Report: Super 5 Stocks for BTST

1. AJANTA PHARMA LTD.

Today share price of Ajanta Pharma soars over 5% intraday due to Dahej unit was inspected by US Food and Drug Administration (FDA) from April 3 to April 7, 2017. At the end of the inspection, no Form 483 was issued to us investors cheered the fact that no observations were issued during a regulator’s check at its unit. Technically in daily chart, we can see that there is a consolidation in between the range of 1670-1850. And the overall trend is bullish in Spot and future chart. In coming day if it breaks this consolidation then we can expect that it would test the 52 week high. Investors can take buy position when the breakout of resistance level 1770 will do. And put the profit part when prices would come at the level of 1800 and 1880 with risk part of 1660.

2. TATA CHEMICALS LIMITED

Technically in the daily chart, its prices traded in 52 week high and its overall trend is bullish. We can see that previous 52 week high of 586.70. We can see that there is a major support level of 550 and the price was bounce from this support level. We are expecting a new bullish trend in this stock with the risk part of 584. The immediate resistance level is 675, immediate support is 550. Investors can take buy position when the breakout of resistance level above 623. And put the profit part when prices would come at the level of 675 with risk part of 550.

3. LIC Housing Finance Limited

Investors with a short-term perspective can buy the stock of LIC Housing Finance at current levels. Following a sharp fall in November 2016, the stock found support in the range 470-475 and started to trend upwards. A long-term uptrend-line support around this region also cushioned the stock. Since then, the stock has been on a medium-term uptrend. However, the key resistance at 630 was limiting the stock until it breached this resistance by gaining 2 per cent in last week. The stock trades well above its 50- and 200-DMAs. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI is on the brink of entering this zone. The stock appears to have resumed its long-term uptrend. It can extend its current rally and reach the price target of 645 and 655 in the coming trading sessions.

4. INOX Leisure Limited

Investors with a short-term perspective can consider buying the stock of INOX Leisure at current levels. The stock has been in the limelight over the last week trading sessions, in which it has surged 8.8 per cent with extraordinary volumes. This rally has decisively breached the key immediate resistance at 300. Since taking support at 215 in early February, the stock has been on a medium-term uptrend. While trending up, the stock had emphatically breached a key resistance at 245 in early March, which thereafter started to provide a base. The stock hovers well above its 50- and 200-DMAs.  The daily as well as weekly price rate of change indicators feature in the positive territory implying buying interest. For the INOX Leisure scrip, the short-term outlook is bullish. It can continue to climb and reach the price targets of 315 and 325 in the ensuing trading sessions. Buy the stock with stop-loss at 285.