Today's Top Gainer
| SYMBOL | CMP | Chg (%) |
|---|---|---|
Note:Top Gainer - Nifty 50 More
Stock Recommendations for April 22nd-April 26th, 2019
Buy/sell stock recommendations for this week.
Apr 21, 2019 02:04 IST India Infoline News Service
| Stock Pick | Observation | |
| Company | Reliance Industries Limited |
The stock is trading in a strong higher top higher bottom chart structure and has given a strong recovery by forming a bullish hammer candlestick pattern on the weekly chart. The stock has also given a bullish Ascending Triangle pattern breakout on the daily chart, indicating a continued upward momentum.  |
| Recommendation | ||
| Buy or Sell | Buy (Cash) | |
| Range | Rs 1378-1386 | |
| Target | Rs 1420 | |
| Stop Loss | Rs 1365 | |
| Duration | 1 week | |
| 200 D-EMA | Rs 1178 | |
| NSE Code | RELIANCE | |
| Stock Pick | Observation | |
| Company | ZEE Limited |
The stock has given a pullback after facing a strong resistance around its falling trendline. Tracking the hourly chart, the stock has given a bearish Flag pattern breakdown, indicating a downward momentum. ADX indicator, which measures the strength of a trend, is also indicating a negative bias for the stock, as –DI is quoting above the ADX line and +DI. We expect Zee Limited to trend lower backed by the build-up of short positions in its April contract. |
| Recommendation | ||
| Buy or Sell | Sell (April Future) | |
| Range | Rs 404-408 | |
| Target | Rs 385 | |
| Stop Loss | Rs 416 | |
| Duration | 1 week | |
| 200 D-EMA | Rs 462.5 | |
| NSE Code | ZEEL | |
