Stock Recommendations for March 25th-March 29th, 2019

Buy/sell stock recommendations for this week.

Mar 24, 2019 02:03 IST India Infoline News Service

Stock Pick Observation
Company PC Jeweller  
The stock has given a sharp pullback after witnessing a strong rally since the start of the March series. The stock has formed a bearish Engulfing pattern on the daily chart along with an addition of fresh short positions, indicating a negative bias going into the next week.
 
Recommendation
Buy or Sell Sell ( Mar Futures)
Range Rs  80.5-82.5
Target Rs  75
Stop Loss Rs  85
Duration 1 week
200 D-EMA Rs  111
NSE Code PCJEWELLER
 
Stock Pick Observation
Company City Union Bank The stock is trading in a strong higher top higher bottom chart structure and is witnessing an uptick in volume as the price trends higher. Tracking the daily chart, the stock has given bullish continuation Cup & Handle pattern breakout.
 
It is showing strong momentum on MACD Histogram along with a good strength on the ADX Indicator, wherein the +DI line has crossed the 25 level and is trading above DI & -DI line.

Recommendation
Buy or Sell Buy (Cash)
Range Rs  197-201
Target Rs  215
Stop Loss Rs  191.5
Duration 1 week
200 D-EMA Rs  178
NSE Code CUB
 
 

Related Story