On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, 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.
Manas Jaiswal of manasjaiswal.com Dr Reddys Lab has broken the neckline of inverse head and shoulder pattern on the daily chart and closed very strong. Now it can test Rs 1,795 in next one or two trading sessions. One can buy the stock at current levels with the stop loss of Rs 1,714. Dena Bank has broken the resistance of Rs 88.50 with decent volumes and it has also broken the 200 day moving average (DMA). So now we may see a recovery and the stock can test Rs 92.50, one can buy the stock at current levels with a stop loss of Rs 88.
Sanjeev Agarwal of Dynamix Research & Capital Management Financial Technologies has given a very good breakout above Rs 660. We can buy it at around Rs 665 for a target of around Rs 700 to Rs 730 with the stop loss below Rs 630. Raymond had given a very good breakout above Rs 352 and we can buy it at current market price with a stop loss below Rs 340 for a target of around Rs 370.
Manav Chopra of Nirmal Bang Biocon has given a breakout from its inverted head and shoulder pattern with above average volumes. It has a strong support at Rs 268, buy with stop loss of Rs 266 with target of Rs 288. Havells India has given a breakout from its short-term consolidation and is currently trading above its long-term averages. It has a strong support at Rs 565 on the downside. You can buy with the stop loss of Rs 562 and targets of Rs 590.
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