Special Report: Super 5 Stocks for BTST |Call @8817002233

1.Essel Propack Limited

The stock of Essel Propack is looking strong bullish in near term. The stock of Essel Propack gained 5 per cent with good volume in last week, breaking above a key resistance level of 245. The long-term trend has been up for the stock since taking support at around 133 in February 2016. Within this uptrend, the stock has in a sideways consolidation phase in a wide range between 225 and 265 since last October. After breaking the range the stock is in up move. The short-term trend is up for the stock. It is trading well above the 21- and 50-DMAs. The daily relative strength index has re-entered the bullish zone from the neutral region and the weekly RSI continues to hover in the bullish zone. There has been an increase in daily volumes over the last week trading sessions. The next targets are 265 and 275. Traders with a short-term perspective can buy the stock with a stop-loss at 244.

2.Castrol India Limited

We recommended the stock of Castrol India Limited. Investors with a short-term perspective can buy the stock of Castrol India at current levels. The stock took support in the base zone between 355 and 365 in late December 2016 and started to trend upwards. Since then, the stock has been on a medium-term uptrend. While trending up, the stock breached its moving average of 200-DMA at around 415 in mid-March 2017 and continued its uptrend. In last week , the stock conclusively breached its key resistance at 435 by gaining 4 per cent. This rally has reinforced the stock’s medium-term uptrend. 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 from the neutral region. The short-term outlook is bullish for Castrol India. Traders with a short-term view can buy with stop-loss at 425. Targets are 450 and 465.

 

3. Vadilal Industries Limited

We recommended the stock of Vadilalind. The stock taking support at the key base level of 660 in February, the stock has been on a medium-term uptrend. While trending up, the stock decisively breached its 200- and 50-DMAs and hovers well above them. The stock appears to have resumed its medium-term uptrend. There has been an increase in trading volume over the past three weeks. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI has also entered this zone from the neutral region. The short-term outlook is bullish. The stock can extend its uptrend and reach the price targets of 920 and 950 in the upcoming trading sessions. Investors with a short-term perspective can buy the stock with a stop-loss at 880.