On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Shardul Kulkarni, 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 B Malkan, CMT Century Textiles has given a breakout on weekly charts forming bullish candlestick pattern and high volumes. I recommend a buy with a stop loss of Rs 346 for target of Rs 360 and Rs 366. Maruti Suzuki has given a breakout on daily charts above the resistance of Rs 1250 with huge volumes and momentum is rising. I recommend a buy with a stop loss of Rs 1245 for target of Rs 1275 and 1282.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss Voltas has given an inverse head and shoulder pattern breakout that too with good volumes. Oscillators on daily chart have given a fresh buy signal. Besides this, the stock continues to trade above its short term moving averages, which clearly indicates that overall momentum in the stock is positive. Traders can go long in the range of Rs 115-117 with target of Rs 123 maintaining stop loss at Rs 111.50. Dish TV has given a breakout of its multiple resistance placed at Rs 75. Besides this breakout was further accompanied by good volumes indicating aggressive long built-up in the stock. Oscillators on daily chart have also given a fresh buy signal. Traders can go long in the range of Rs 75-77 with target price of Rs 82 and stop loss at Rs 73.
Shardul Kulkarni, Angel Broking
The first stock that we will recommend is a buy in case of Voltas. The chart structure of Voltas on the daily as well as the weekly charts clearly indicates a continuation pattern breakout. Thus we recommend buying Voltas in the range of Rs 116-115. The stop loss on the lower side should be placed at Rs 111.50. The potential target in the next 6-8 trading sessions is at Rs 124.
The second stock that we will recommend is a buy call in case of Mahindra and Mahindra. The chart structure of M&M shows a flag breakout above the levels of Rs 770. We recommend buying M&M in the range of Rs 775-780. Stop loss at Rs 760. The potential target is Rs 820.
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