HomeNewsBusinessStocks6 stock ideas to liven up your trade

6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rakesh Gandhi of FRR Shares and Shardul Kulkarni of Angel Broking, 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.

April 30, 2013 / 11:51 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rakesh Gandhi of FRR Shares and Shardul Kulkarni of Angel Broking, 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.

Vishal Kshatriya, Edelweiss
I am going long on Zee Entertainment. The stock has given double bottom pattern breakout with good volumes on its daily chart. Beside this the stock continues to trade above its short-term moving averages, which indicates that there is a positive momentum in the stock. Traders can initiate long in the range of Rs 220-225 with target price of Rs 250, maintain stop loss below Rs 205. Axis Bank has formed inside day, candlestick pattern, which is generally considered as a bearish sign. Beside this technical oscillator relative strength index (RSI) is also trading in overbought zone. I would recommend traders to go short on May Futures in the range of Rs 1,480-1,500 with target price of Rs 1,420, maintain stop loss above Rs 1,540. Rakesh Gandhi, FRR Shares IDBI Bank has been declining since January 2013 and recently in the last few weeks it has formed a double bottom pattern having a neckline of Rs 85. The stock has already breached the neckline and is sustaining above that and indicating that momentum is picking up and hence it can be bought on dips around Rs 87 for a target of Rs 94 with a stop loss of Rs 84. Titan industries has been continuously declining from the level of Rs 310 and has found buying interest around Rs 225-230 levels. While declining it has formed a falling channel pattern and has also seen a breakout from this channel pattern and there is also a moving average crossover seen on charts. Hence it can be bought with a short-term perspective of target Rs 290 and a stop loss of Rs 260. Shardul Kulkarni, Angel Broking
I have a buy call on Tech Mahindra. The daily chart structure of Tech Mahindra shows a positive trend line breakout also the momentum oscillators on the daily chart are positively poised thus we recommend buying Tech Mahindra above the levels of Rs 951, place a stop loss at Rs 930 and trade bullish for a target of Rs 1,000 over the next three-four trading sessions.
I have a sell call on Hero Motocorp. The chart structure of Hero Motocorp continues to be in a lower top lower bottom cycle. However, post the result the stock has given a bounce. Traders are advised to use this bounce as a selling opportunity. Sell the May Future contract of Hero MotoCorp below the levels of Rs 1,640, place a stop loss at Rs 1,660 and trade bearish for a target of Rs 1,600 over the next four-six trading sessions. 
first published: Apr 30, 2013 08:46 am

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