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.
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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