Stock Recommendations for September 23rd-September 27th, 2019

Buy/sell stock recommendations for this week.

Sep 22, 2019 03:09 IST India Infoline News Service

Stock Pick Observation
Company Kalpataru Power Transmission Limited  
The stock on the daily chart has given a falling trendline breakout. The price rise was accompanied by rise in in volume. Also, the price has moved above previous swing high. The stock has managed to move back above 200EMA on the daily timeframe. The sentiment is looking promising for further upsides in the stock.

Kalptaru Power
Buy or Sell Buy (Cash)
Range Rs  472-476
Target Rs  502
Stop Loss Rs  459
Duration 1 week
200 D-EMA Rs  451
Stock Pick Observation
Company Havells India Limited  
On the daily chart, the stock has moved above the upper band of the range bound pattern, which suggests rise in demand in the stock. Spike in volume is visible on the breakout candle which confirms the broad based participation. Daily RSI (14) is in positive crossover and rising, which indicates the momentum to remain positive in the days to come.

Buy or Sell Buy (Cash)
Range Rs  722-728
Target Rs  783
Stop Loss Rs  694
Duration 1 week
200 D-EMA Rs  696

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