Special Report : Super 5 Stocks for BTST
1.Geetanjali Gems Limited
The stock of Geetanjali Gems is looking positive in near term. Investors with a short-term perspective can consider buying the stock of Geetanjali Gems at current levels. After registering a 52-week high at 93 in early October, the stock reversed direction and started to decline. The stock was on a short-term downtrend until it found support at around 50 in mid-November. Taking support at the long-term base, the stock resumed its uptrend that has been in place since the March low of 29.9. While trending up, the stock breached its key resistance at 60 as well as 21-DMA in early December. In last week, the stock surged 6.7 per cent continuing its short as well as intermediate-term up trends. This up move has strengthened the bullish momentum. Buying interest is visible as the daily price rate of change indicator is hovering in the positive territory. The stock can extend its rally and hit the price target 70 and 71 in the upcoming sessions. Buy with stop-loss at 61.MOIL Limited
2.Dolphin Offshore Enterprises (India) Limited
The overview for the stock of Dolphin Offshore Enterprises (India) is to buy at current levels. Since March 2016 the stock has been on a sideways consolidation phase in the broad range between 80 and 112. In early November, the stock tested the lower boundary at 80 and bounced back. Since then, it has been on a short-term uptrend. In last week, the stock is going around 13 percent and has decisively moved out of the sideways consolidation phase. It trades well above its 50 and 200-day moving averages. There is an increase in daily volume over the last five trading session. The daily relative strength index is featuring in the bullish zone and the weekly RSI has entered this zone from the neutral region. Moreover, buying interest is seen as the daily as well as weekly price rate of change indicators are featuring in the positive territory. The short-term outlook is bullish. Targets are 144 and 155. Traders can buy the stock with a stop-loss at 115.
3.Deepak Fertilizers and Petrochemicals Corporation Limited
stock of Deepak Fertilizers & Petrochemicals Corporation surged around 10 per cent, breaking through a key immediate resistance at 195 with an above average volume in last week. Since taking long-term support in the band between 110 and 120 in June 2015, the stock has been on an uptrend. Both the intermediate as well as medium-term trends are up for the stock. In late November the stock took support at its long-term base level of 175 — which is also the 200-DMA support level and resumed its uptrend. The stock has been on a near-term uptrend since then. The daily relative strength index has entered the bullish zone from the neutral region. Also, there has been an increase in daily volume over the past three trading sessions. The short-term outlook is bullish. Traders with a short-term perspective can buy the stock with stop-loss at 190. The short-term price targets are 216 and 225.
4.MARUTI SUZUKI INDIA LIMITED
In daily chart, MARUTI yesterday closes green; its overall trend is bullish. Last trading session it gives moment of 0.30% and price closed at 5188. There is a consolidation seen in charts with the range of 5120-5220 But in daily chart resistance of 5310 if it break this level then it will further breach to the level of 5380. Below the level of 5000 there is a support, if it breaks this support it can breaches to the level of 4810. Investor can take long position above 5120, and can breach upto the level of 5350 and the risk part can be taken at below the level of 4790. Maruti Suzuki India Ltd (MSIL) on Friday signed a memorandum of understanding (MoU) with Ola, the online cab aggregator, to train aspiring drivers-partners. According to the MoU, Maruti Suzuki would help the individuals/ Ola partner-drivers obtain commercial licences and also assist in availing of vehicle financing to purchase their own cars on completion of their courses.
Reliance Infrastructure yesterday it was traded mixed movement due to fundamental reasons in the market. But in daily chart, there is breakout of trend line support to the sell side and as closed the support of 487 and yesterday it closed at 488.30. We suggest that investors would be short their position and can put the target of 475-478 with the risk of 495. Reliance Infrastructure InvIT Fund (RInfra InvIT) has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed issue size is Rs 3,000 crore with an option to retain over-subscription upto 25 percent. It is the government’s initiative to promote alternative means for long-term infrastructure financing.