Special Report:Super 5 Stocks for BTST
1.MARUTI SUZUKI INDIA
The country’s largest carmaker Maruti Suzuki India (MSI) will start selling mid-sized sedan Ciaz only from its premium retail chain Nexa from April 1. Car market leader Maruti Suzuki is least affected by the order and has been making BS IV vehicles since 2010. The overall trend of Maruti is bullish. Yesterday its prices close positive at 6048 (1.17%). There is resistance level of 6060 it can touch the next resistance level of 6160-6190 and it can also break the 52 week high. There is major support at level 5930. Investors can take buy position when the breakout of resistance level 6060 will do. And put the profit part when prices would come at the level of 6190 with risk part of 5930.
2.AMARA RAJA BATTERIES LTD.
In a recent announcement, the board of directors of Amara Raja Batteries Ltd., (ARBL), has appointed S Vijayanand as chief executive officer, effective April 1, 2017. Technically in the daily chart, we can see that there is a major support level of 824 and the price was bounce from this support level. Yesterday prices close positive at 893.40 (1.93%). We are expecting a new short bullish trend in this stock with the risk part of 877. The immediate resistance level is 920-950-980, immediate support is 875. Investors can take buy position when the breakout of resistance level above 900. And put the profit part when prices would come at the level of 950 with risk part of 860.
3.Radico Khaitan Limited
We recommended the stock of Radico, which jumped almost 13 per cent accompanied by above-average volume in last two week. The stock of Radico, breaching its 21-DMA and a key resistance at around 130. This up move has strengthened the medium-term uptrend that has been in place since the December low of 106. Moreover, the short-term trend has turned up. The stock is trading well above its 50-DMA as well. The medium-term uptrend is intact. But, the stock now tests a resistance at 135 with an upward bias. The daily relative strength index has entered the bullish zone from the neutral region. Both the daily and weekly price rate of change indicators feature in the positive terrain indicating buying interest. The stock has the potential to surpass the immediate resistance at 135 and continue its uptrend. Short-term targets are 142 and 149 levels. Traders with a short-term horizon can buy the stock with stop-loss at 132.
4.Triveni Engineering & Industries Limited
Investors with a short-term perspective can buy the stock of Triveni Engineering & Industries at current levels. The stock of Triveni Engineering & Industries surged 10 per cent breaching a key resistance at around 80 in last week. Since taking support at 50.5 in November 2016, the stock has been on a medium-term uptrend. Following a corrective decline from around 85, the stock found support at 70 in mid-February this year and subsequently resumed its uptrend in early March. The short-term trend is up for the stock. It is trading well above the 21- and 50-DMAs. The daily relative strength index has re-entered the bullish zone from the neutral region and the weekly RSI continues to hover in the bullish zone. There has been an increase in daily volumes over the last five trading sessions. Though there is resistance ahead at 88, the stock holds the potential to surpass this hurdle and extend its ongoing uptrend. The next targets are 93 and 99. Traders with a short-term perspective can buy the stock with a stop-loss at 83.