Stock Recommendations for October 14th-October 18th, 2019

Buy/sell stock recommendations for this week.

Oct 13, 2019 05:10 IST India Infoline News Service

 
Stock Pick Observation
Company Apollo Hospital Limited  
The stock is trading in a strong higher top higher bottom chart structure on weekly chart, indicating a positive bias according to the Dow theory. The stock has formed a bullish Wolf-e-Wave pattern on the daily chart. On MACD Histogram, it has just entered into the positive territory indicating a continued upward momentum going forward.

Recommendation
Buy or Sell Buy
Range Rs  1420-1440
Target Rs  1490
Stop Loss Rs  1395
Duration 1 week
200 D-EMA Rs  1309
NSE Code APOLLOHOSP
 
Stock Pick Observation
Company Just Dial Limited  
The stock is trading in a strong bearish lower top lower bottom chart structure, indicating a negative bias according to the Dow theory. The stock has also given a bearish Head & Shoulder breakdown on daily chart. It has also given a price breakdown below its 200day EMA. Tracking the derivative data point, the stock has added short positions since the start of the October series.

Recommendation
Buy or Sell Sell (Oct Fut)
Range Rs  615-630
Target Rs  560
Stop Loss Rs  650
Duration 1 week
200 D-EMA Rs  642
NSE Code JUSTDIAL
 

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