Super Six stocks you can bet on August 21

On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Securities, Rajeev Agarwal of Dynamixresearch.in and Gaurav Ratnaparkhi of Sharekhan, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.

Rajesh Jain of Religare Securities Hindustan Unilever (HUL) has been falling for the past many trading sessions. Overall the stock is defensive and it has come near to its important support levels of Rs 580. One can buy the stock at current price keeping a closing stop loss of Rs 580 for higher target of Rs 620 to be achieved in coming trading days. Cairn India closed near to its six months high. The stock has gone up sharply yesterday. One can buy the stock at any correction near Rs 310 and keeping a closing stop loss of Rs 305 for higher target of Rs 325. Rajeev Agarwal of Dynamixresearch.in
One can buy Hindalco Industries if it sustains above Rs 99 and keep a stop loss below Rs 95 on closing basis. My initial target is around Rs 102 and next logical target is Rs 106 in next five-seven trading sessions.
One can buy UCO Bank around Rs 53 and keep a stop loss below Rs 50. My initial target is around Rs 56 and next logical target is Rs 58 in short-term.
Gaurav Ratnaparkhi of Sharekhan Shree Renuka Sugars has been falling for a while now. However, last few weeks it has formed a basing triangular pattern, which shows that an accumulation has taken place in this counter. Recently the stock has completed last leg of the pattern and is looking for a breakout on the upside. The daily momentum indicator has already given a buy signal ahead of the pattern breakout and even the risk reward ratio is excellent to initiate fresh long position, so one can buy this stock from trading perspective as well as from medium term perspective. From trading perspective the stop loss can be placed at Rs 15.40 and target will be Rs 17.70 and timeframe will be two-three days. Union Bank of India has formed multiple wave extension on the downside. However, the structure is now poised for a decent bounce. In the last session the stock has formed a bullish outside bar along with an engulfing bull candle and these bullish patterns have been formed on the backdrop of significant volume activity, which further increases their bullish significance. Even the daily momentum indicator is showing positive divergence, which is inline with the bullish expectation. So, one can buy this stock with stop loss of Rs 111 for target of Rs 125 and timeframe will be two-three days.