Experts Trading Calls - 28th November 2017 - Herbal Health

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Monday, 27 November 2017

Experts Trading Calls - 28th November 2017

28th November 2017
The Nifty Index Future is oscillating in a rising channel following its recent run up from the 10,125 support levels, suggesting a pause before it breakouts of this narrow range.

The upper end of the channel is placed at 10,445 and at the lower end, it is placed at 10,340. A close beyond the upper end of the channel on healthy volumes can extend the uptrend to levels of 10520-10600.

Here is a list of three stocks which could give up to 17% return in 3-4 weeks:

Kokuyo Camlin Ltd: BUY| Target Rs155| Stop Loss Rs105
Kokuyo Camlin Ltd. (KOKUYOCMLN) is on the verge of a breakout from an Ascending Triangle pattern on the weekly chart suggesting Bull trend reversal on cards. The neckline of the pattern is placed at Rs120 and a sustained trade above this neckline on good volumes can take it higher to levels of Rs145-155.
On the daily charts, the stock has broken out from an inverse Head & Shoulders pattern on good volumes affirming the bullishness.
The relative strength index or RSI has turned upwards after taking support at the neutral level of 50 and has broken out of a Bollinger Band squeeze on the weekly charts portending to extended bullishness in the stock.
Traders can buy the stock in the range of Rs116-118 for targets of Rs145-155, keeping a stop loss below 105.
Ashoka Buildcon Ltd: BUY| Target Rs284| Stop Loss Rs228
On the weekly chart, Ashoka Buildcon Ltd. (ASHOKA) has broken out from an inverse Head & Shoulders pattern neckline line affirming strong bullishness dominant at the moment.
RSI on the weekly chart has taken support at the 55 level and has broken out from a Bollinger Band squeeze suggesting higher levels.
On the daily chart, it has resumed its upward journey after taking support at the consolidation breakout line. The stock can be bought in the range of 246-248 for targets of 272-284, keeping a stop loss below 228.
Nava Bharat Ventures Ltd: BUY| Target Rs168| Stop Loss Rs130
On the weekly chart, Nava Bharat Ventures Ltd. (NBVENTURES) is on the verge of a breakout from a Symmetrical Triangle pattern neckline placed at 146. Breakout on good volumes can trigger a bull trend reversal.
On the daily chart, it is on the verge of a breakout from a rounding bottom pattern affirming bullishness building up in the stock. The stock can be bought in the range of 142-144 for targets of 161-168, keeping a stop loss below 130.
Traders can buy this stock for a target of Rs.330 by following a strict stop loss of Rs.288.



Hero MotoCorp: SELL| Target Rs3480| Stop Loss Rs3731| Time 5-10 sessions| Return 5%

A strong Bull run in this stock took a pause during the early part of September. Since then, the stock has been experiencing a corrective phase in a gradual manner.

Recently, we witnessed a breakdown from crucial ‘Neckline’ around Rs3700. In the last couple of weeks, the stock prices resisted around it and are facing strong selling pressure at intraday highs.

Thus, we expect some weakness to continue in this counter. One can sell this stock for a target of Rs.3480 over the next 5 – 10 sessions. The stop loss should be fixed at Rs.3731.

Brokerage Firm: SMC Capital
DCB Bank: BUY| Target Rs210| Stop loss Rs175| Time 1-2 months| Return 13%

The stock closed at Rs186.85 on 24th November 2017. It made a 52-week low at Rs102.55 on 23rd December 2016 and a 52-week high of Rs213 on the 16th June 2017.

The 200-days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs167.85. The stock is forming a “Symmetrical Triangle” pattern on the weekly chart, which is considered to be bullish.

It is a continuation pattern, which indicates the old trend is intact and new move is going to start. Moreover, the stock is closed on verge of breakout of pattern with high volume so buying can persist for the stock.

Therefore, traders can buy the stock in the range of 183-185 levels for the upside target of 205-210 levels with a stop loss below 175.

Tamilnadu Petroproducts: BUY| Target Rs88| Stop Loss Rs69| Time 1-2 months| Return 14%

The stock closed at Rs77.65 on 24th November 2017. It made a 52-week low at Rs22.15 on 27th December 2016 and a 52-week high of Rs79.85 on 24th October 2017.

The 200-days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs53.89. The stock is continuously trading at higher highs and higher lows on the weekly chart, which is bullish in nature.

Recently, the stock witnessed a massive up move from Rs55 to Rs75 levels and consolidated in a narrow range for three months with a positive bias.

Last week, the stock had given the breakout of “Bull Flag” pattern and also managed to close above the same with rising volume. So, buying momentum is expected to continue for the stock. Therefore, traders can buy in the range of Rs76-77 levels for the upside target of Rs86-88 levels with a stop loss below Rs69.

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Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management. Herbal Health / Techsavvy  advises users to check with certified experts before taking any investment decisions.

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