On CNBC-TV18's show Super Six, market gurus Meghna Malkan of malkansview.com and Hemen Kapadia of chartpundit.com share, 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.
Meghna Malkan of malkansview.comI have a sell call on Hero Motocorp. The stock is finding it difficult to cross Rs 2,100. Momentum is showing signs of exhaustion; an intraday chart too is facing resistance at moving average. So, I would recommend a sell with a stop of Rs 2,085 for lower targets of Rs 2,045 and Rs 2,010.
I have a buy call on Bharat Forge. The stock has shown a bullish candlestick pattern on daily charts yesterday. Volumes have been good on the rise. It has also bounced from a trendline on intraday charts. So, I would recommend a buy with a stop loss of Rs 269 for higher targets of Rs 280 and Rs 286.
Hemen Kapadia of chartpundit.com
I have a sell call on Bank of India. The stock has reflected weakness on daily chart; in fact it has entered a downtrend on the hourly charts. It has also closed below the 55 day exponential moving average indicating its intention to depreciate further from here. One can sell Bank of India at around Rs 168 with stop loss of Rs 171 and a target of Rs 162.
I have a buy call on ITC. It has reflected strength on intraday chart. The stock has sustained above 55 day exponential moving average. It has also posed higher top-higher bottom on the intraday charts. One can buy ITC at the closing at around Rs 345 with a stop loss of Rs 342 and a target of Rs 351.
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