Super Six: Top chart picks for Tuesday

On Super Six, a CNBC-TV18 show, market gurus Hemen Kapadia, CEO of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Shrikant Chouhan, VP Technical Research at Kotak Securities place their bets on two stocks each that can potentially make money. Investors can read into the detailed analysis before agreeing to any or all the bets.

Hemen Kapadia, CEO of chartpundit.com
Sell TCS. It has reflected weakness by giving downward key reversal on the daily charts that too on higher volume. One can sell at Rs 1120 with a stop loss of Rs 1130 and target of Rs 1100. This is an intraday call valid from a short term point of view.
Sell Great Eastern Shipping. It has reflected weakness by giving a downward bar reversal on higher volumes on the daily charts indicating that there has been a reversal at hand. One can sell at Rs 242 with a stop loss of Rs 246 and target of Rs 234. This is short term call valid from an intraday point of view.
  Parag Doctor of Motilal Oswal Securities
We at Motilal Sec would like to recommend to buy Shree Renuka Sugars. This stock has multi month support around Rs 50 levels and has shown strength by crossing the 50-day average. The stock is expected to move to the Rs 65 level which is a recent high with a stop loss at Rs 54.
We would like to recommend to sell BGR Energy. This stock has struggled to cross Rs 350 levels and is expected to fall to the recent low of Rs 300 with a stop loss at Rs 350.
  Shrikant Chouhan, VP Technical Research at Kotak Securities
Trade long on Maruti Suzuki. We can trade long at CMP with a final stoploss at Rs 1020 for the target of Rs 1080 and Rs 1090 on higher side. The stock is attracting good volumes at lower levels.
Trade short Bharat Forge, which is trading at Rs 283-285 levels. We can trade short at current levels for the target of Rs 265 on the lower side. The stock is diverging on the negative side on the daily as well intraday charts. Keep a stop loss of Rs 295 on higher side.