Theequicom : Stock Recommendations for August 13th-August 16th, 2019
Stock pick
Company - Cipla Ltd
Recommendation
Buy or Sell - Sell (August Future)
Range - Rs 487-493
Target - Rs 460
Stop Loss - Rs 512
Duration - 1 week
200 D-EMA - Rs 550
NSE Code - CIPLA
The stock is trading a bearish lower top lower base graph structure; it has additionally given a bearish Head and Shoulder outline design breakdown on the week after week diagram. Following the subordinate information focuses, the stock included new open enthusiasm alongside a decrease in the fundamental cost, obviously demonstrating a development of short positions.
Stock Pick
Company - MRF Limited
Recommendation
Buy or Sell - Buy (Cash)
Range - Rs 56500-57000
Target - Rs 58500
Stop Loss -Rs 55900
Duration - 1 week
200 D-EMA - Rs 59122
NSE Code - MRF
The stock has given a solid recuperation from its ongoing low and has restarted exchanging a bullish higher top higher base outline structure on the every day diagram. The stock has given a bullish Double base breakout on the day by day graph, which can complement crisp upward energy. Following the MACD Histogram, the stock has a reemerged into positive area, showing a solid force.
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