Stock recommendations for December 9th - December 13th, 2019

Buy/sell stock recommendations for this week.

Dec 08, 2019 07:12 IST India Infoline News Service

Stock Pick Observation
Company Dish TV
The stock is trading in a bearish lower top lower bottom chart structure. The stock has added fresh open interest along with a sharp fall in the underlying price, hinting an addition of short positions. Technically, the stock has formed a bearish dark cloud cover candlestick pattern on the daily chart, indicating a negative bias going forward. Tracking the ADX index, the stock is in a strong bearish trend marked by –DI line trending above the Average DI & +DI line.

Buy or Sell Sell (Fut)
Range Rs  12.7-13
Target Rs  10
Stop Loss Rs  15
Duration 1 week
200 D-EMA Rs 26.6
Stock Pick Observation
Company L&T Technologies Services Limited
The stock has given a strong recovery from recent low by forming a bullish candlestick pattern on the daily chart. Currently, the stock has has given a bullish Inverse Head & Shoulder breakout on the daily chart. On weekly MACD Histogram, it is quoting under the positive territory during the last week, indicating a positive momentum in the favour of the bulls.

Buy or Sell Buy
Range Rs  1490-1505
Target Rs  1550
Stop Loss Rs  1450
Duration 1 week
200 D-EMA Rs  1553

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