We have collected some stocks based on both fundamental and technical basis across various web sources that are on radar to be trade on this week:
- CENTURY TEXTILES: The stock has witnessed a decent correction from the peak of 1265 to show signs of bottoming out at around 850 levels and currently has produced a bullish candle pattern in the daily chart to show strength and is poised for an upward movement in the coming days with the bias improving and turning out to positive. The RSI also has been hovering near the oversold zone and currently has indicated a steep rise to signify still more further rise and with decent volume participation witnessed, we recommend a buy in this stock for an upside target of 1,000 keeping a stop loss of 870. (Source: http://www.business-standard.com)
- APOLLO TYRES: The stock has given a good correction from 307 levels in the past 3 months and currently has bottomed out at around 247 levels and has produced a positive bullish candle pattern in the daily chart to signify strength and potential to rise further. Above 264 levels a breakout above the significant 200 DMA shall improve the bias and we anticipate a move in the upward direction till 275 – 280 is possible. With good consistent volume participation witnessed, we recommend a buy in this stock for an upside target of 282 keeping a stop loss of 250. (Source: http://www.business-standard.com)
- L&T Finance: Holding is a ‘buy’ call with target price of Rs 160 and stop loss of Rs 145. (Source: indiatimes.com)
- Ceat: Ceat is a ‘buy’ call with target price of Rs 1,370 and stop loss of Rs 1,270. (Source: indiatimes.com)
- UltraTech Cement: is a ‘buy’ call with target price of Rs 4,020 and stop loss of Rs 3,880. (Source: indiatimes.com)
- YES Bank: is a ‘buy’ call with target price of Rs 364 and stop loss of Rs 345. (Source: indiatimes.com)
Disclaimer: The Stock mentioned are not an advice to buy or sell. It is only for information purpose. The information is collected from various published sources. You are advised to consult your financial advisors before any decision to be taken on the stocks. In no case Wealth Discovery Securities or Ezwealth will be responsible or cannot be liable for any loss on your action taken on the stocks.