Stock recommendations for November 25th - November 29th, 2019

Buy/sell stock recommendations for this week....

Nov 24, 2019 04:11 IST India Infoline News Service

 
Stock Pick Observation
Company UPL  
The stock is trading in a bearish lower top lower bottom chart structure. The stock has added fresh open interest along with a sharp fall in the underlying price, hinting an addition of short positions. On the options front, PCR is on the rise as call option writers hold strong grip leading to an emergence of fresh selling pressure in the stock price. Technically, tracking the ADX index, the stock is in a strong bearish trend marked by –DI line trending above the Average DI & +DI line.

Recommendation
Buy or Sell Sell (Fut)
Range Rs  533-543
Target Rs  515
Stop Loss Rs  560
Duration 1 week
200 D-EMA Rs 480
NSE Code UPL
 
Stock Pick Observation
Company Container Corp Limited
The stock has entered bearish lower top lower bottom chart structure and is on a verge of giving a price breakdown below its 89 Day EMA placed at 559. The stock has given a bearish triangle breakdown on the daily chart. On MACD Histogram, it is quoting under the negative territory throughout the November series, indicating a negative momentum going forward.

Recommendation
Buy or Sell Sell (Fut)
Range Rs  560-570
Target Rs  545
Stop Loss Rs  581
Duration 1 week
200 D-EMA Rs  541
NSE Code CONCOR

Related Story