Super 5 Stocks for BTST
1. CESC LTD
Due to restructuring its flagship
company by splitting it into four companies its prices get falls 160 points
and yesterday its prices gets some recovery of 47 points by taking support
of 813 in future. We are expecting that in coming day its prices would be
retrace upto the level of 910 of Fibonacci resistance and then after that
it would be bounce from this resistance level and can break the level of
813. In for the short point of time the price can breach to the level of
910. In daily chart, the immediate resistance and support are 910-430,
865-813 respectively. Investors can take long position at current market
price 877 upto the level of next resistance level of 910 and maintain the
risk part of 840 is the support. For each 10 shares of CESC Ltd, a shareholder
will get five shares of Rs 10 each in generation, distribution, two shares
in CESC Ventures and six shares in Spencer's (face value of Rs 5 each).
2. HINDUSTAN UNILEVER LIMITED
Last quarter result HUL was not
perform as per the expectation due to De-monetization but this quarter HUL
performed well by changing there long term and near term strategy are
consumer sentiment improving, input cost stable, focus on volume driven
growth and improvement in operating margin, consistent, competitive,
profitable, responsible growth. In this quarter HUL well performed in
refreshment segment of 11% sales growth. PAT (bei) at Rs. 1,118 crores up
8%; Net Profit at Rs. 1,183 crores up 6%. Its volume surged 4% much higher than estimates, the
margin and profit. Technically in daily chart, its overall trend is
bullish, prices close yesterday at 1006.95 positive traded all time high.
We are expecting that in coming days prices retrace upto the level of 966.
The immediate resistance and support are 1035, 935 respectively. When price
retrace upto the level of 966 investors can take long position upto the
level of 1030 and maintain the risk part of 945.
3. Radico Khaitan Limited
We
recommended the stock of Radico, which is on support level at around 120 from
last two weeks and accompanied by above-average volume in last two week. This
up move has strengthened the medium-term uptrend that has been in place since
the December low of 106. Moreover, the short-term trend has turned up. The
stock is trading well above its 50-DMA as well. The medium-term uptrend is
intact. But, the stock now tests a resistance at 132 with an upward bias. The
daily relative strength index has entered the bullish zone from the neutral
region. Both the daily and weekly price rate of change indicators feature in
the positive terrain indicating buying interest. The stock has the potential to
continue its uptrend. Short-term targets are 132 and 140 levels. Traders with a
short-term horizon can buy the stock with stop-loss at 119.
4. 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 685
was limiting the stock until it breached this resistance by gaining around 2
per cent in last trading day. 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 705 and 720 in the coming trading sessions.
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Monday, 22 May 2017
Special Report on Stock Market by Star India Market Research
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