Stock Recommendations for July 15th-July 19th, 2019

Buy/sell stock recommendations for this week.

Jul 14, 2019 05:07 IST India Infoline News Service

Stock Pick Observation
Company Bajaj Finance Ltd  
The stock is trading with a negative bias and has formed a bearish engulfing candlestick pattern on the weekly chart. It is also on the verge of giving a bearish Flag pattern breakdown on the daily chart. Tracking the derivative data points, the stock added fresh open interest along with a sharp decline in the underlying price, clearly indicating a buildup of short positions.

Buy or Sell Sell (July Future)
Range Rs  3390-3410
Target Rs  3280
Stop Loss Rs  3470
Duration 1 week
200 D-EMA Rs  2918
Stock Pick Observation
Company VGUARD Ltd  
The stock is trading in a bullish higher top higher bottom chart structure since October 2018 and is on the verge of breaching its lifetime high placed at Rs255. Tracking the weekly chart, the stock has given a bullish continuation Ascending Triangle breakout, indicating a continuation of the current upward momentum.  

Buy or Sell Buy (Cash)
Range Rs  239-243
Target Rs  256
Stop Loss Rs  228
Duration 1 week
200 D-EMA Rs  217

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