Stock Recommendations for October 14th-October 18th, 2019 - Highlight Investment Research

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Saturday 12 October 2019

Stock Recommendations for October 14th-October 18th, 2019

Stock PickObservation
CompanyApollo Hospital Limited 
The stock is trading in a strong higher top higher bottom chart structure on weekly chart, indicating a positive bias according to the Dow theory. The stock has formed a bullish Wolf-e-Wave pattern on the daily chart. On MACD Histogram, it has just entered into the positive territory indicating a continued upward momentum going forward.

Recommendation
Buy or SellBuy
RangeRs  1420-1440
TargetRs  1490
Stop LossRs  1395
Duration1 week
200 D-EMARs  1309
NSE CodeAPOLLOHOSP
 
Stock PickObservation
CompanyJust Dial Limited 
The stock is trading in a strong bearish lower top lower bottom chart structure, indicating a negative bias according to the Dow theory. The stock has also given a bearish Head & Shoulder breakdown on daily chart. It has also given a price breakdown below its 200day EMA. Tracking the derivative data point, the stock has added short positions since the start of the October series.

Recommendation
Buy or SellSell (Oct Fut)
RangeRs  615-630
TargetRs  560
Stop LossRs  650
Duration1 week
200 D-EMARs  642
NSE CodeJUSTDIAL
 

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