3 hot stock picks from Religare Securities

Stop Loss: 1010 | Target: 1160

JUBLFOOD, after retracing to the support zone of multiple moving averages on daily chart, has formed a fresh buying pivot after consolidating in a narrow range. And, it now looks upbeat for fresh surge in near future so traders can accumulate in the given range.

Power Grid Corporation of India :

BUY | CMP:211.05 |

Initiation range:208-210 |                              

Stop Loss:205 | Target:220

 After consolidating near its record high, POWERGRID has registered a fresh breakout supported by decent rise in volume. The current chart pattern along with confirmation indicators are pointing towards strong surge ahead. Any intermediate dip can be considered for initiating fresh long positions.

Godrej Consumer Products

BUY | CMP:1814.70 |

Initiation range:    1810-1820 |                

Stop Loss: 1730          | Target: 2010

GODREJCP has recently witnessed breakout from a consolidation range and currently trading around at its record high. All indications are in the favour of uptrend to continue.