Super Six: What's hot on the charts, and what's not

On CNBC-TV18's new show Super Six, market gurus chartpundit.com's Hemen Kapadia, technical analyst at viratechindia.com Rahul Mohinder and Angel Broking's Shardul Kulkarni, 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.

Rahul Mohinder, Technical Analyst at viratechindia.com I would like to buy LIC Housing Finance. I think the stock is very well positioned from a medium to long-term perspective. Even in the short-term one could initiate a buy keeping a stoploss of Rs 224. Potentially over the next week a target which could be achieved is Rs 240. This is a stock which has maintained above the 200 DMA as well as pointed out to strong upward breakout from the weekly charts. I would like to buy Aditya Birla Nuvo. One could buy for a medium to long-term and I think the target on this would be Rs 1,050. Of course one would need to wait on for 2-3 months for this call to get to these targets. From a short-term standpoint, Rs 950 is very achievable probably even in 2-3 weeks. A stoploss which should be applied is Rs 890. In fact last week on the stock we saw very strong price breakout even the volumes from previous week have been phenomenal and I think the stock is ready to go from here. Hemen Kapadia, Technical Analyst at chartpundit.com Escorts is recovering after a 10 weeks decline. It has been posting lower tops lower bottoms on the weekly charts. Not only was it slightly oversold, there was just that hint of positive divergence that is getting manifested today. In fact Escorts has been given upward bar reversal on daily charts and because of the upward bar reversal, which has obviously been a volume upward bar reversal, we have seen the stock move well. It has also overcome a small supply line on the daily chart and we have also seen participation by the daily mechanical indicators like the Moving Average Convergence / Divergence (MACD) and the stochastic. Escorts is a good short-term buy with a time frame of 1-2 weeks. One can buy it around Rs 127 with a stoploss of Rs 123 and a target of Rs 135. Shriram Transport Finance Corporation is one of the weaker stocks around. We have seen a monthly MACD sell which would obviously mean weakness over the longer term. In the medium-term though after a very short fall it has retraced almost 50% of this fall indicating that the upside is probably capped and coming to the slightly shorter term the stock has taken 10 trading sessions moving sideways in what is threatening to be a distribution pattern. We have almost given that downward breakout today which could sort of exacerbate further. So keeping that in mind and also followed by the fact that the mechanical indicators are beginning to look weak indicating that a downward bias seems to get stronger everyday. One can sell Shriram Transport Finance at Rs 685 with a stoploss of Rs 700 and target of Rs 665 valid probably for a week or so. Shardul Kulkarni of Angel Broking We are recommending Raymond. In the case of Raymond we have seen a lot of news flow as well as you are seeing a very strong higher top higher bottom cycle. In the case of this particular stock, volumes have increased plus you are seeing the stock is giving you a clear breakout above the levels of Rs 372. The ideal buying range in the case of Raymond would be between Rs 370 to Rs 376, stoploss should be placed at Rs 358 and target price we are looking at is Rs 400. We are recommending Punj Lloyd. Over the last couple of sessions we have seen that the stock has slid, but since the results the stock has moved from the Rs 52 levels to around Rs 68. This is the first sign that rising volumes with rising prices clearly indicate that there is a possibility that the stock may move upwards plus you are see that the volumes are drying up on the downside which indicates that people don