Stock Recommendations for January 21st-25th, 2019

Buy/sell stock recommendations for this week.

Jan 20, 2019 03:01 IST India Infoline News Service

Stock Pick Observation
Company Kotak Mahindra Bank Ltd The stock is trading in a higher top-higher bottom chart structure and has witnessed a positive bounce from its 200-DEMA.
It has also formed a bullish piercing candlestick pattern on the weekly chart and is on the verge of witnessing a bullish crossover on the daily MACD-Histogram.

Buy or Sell Buy (Cash)
Range Rs1,232-1,242
Target Rs1,285
Stop Loss Rs1,206
Duration 1-week
200 D-EMA Rs1,195
Stock Pick Observation
Company Dish TV India Ltd The stock has witnessed heavy selling pressure at its resistance levels and has formed a large bearish candlestick on the weekly chart.
It has also shown bearish momentum on the daily MACD-Histogram and is currently trading near its multi-year lows.
We expect the stock to trend lower in the following week and recommend a sell with a target price of Rs31.

Buy or Sell Sell (Jan Futures)
Range Rs33.75-34
Target Rs31
Stop Loss Rs35
Duration 1-week
200 D-EMA Rs55.5

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