On CNBC-TV18's show Super Six, market gurus Jay Thakkar, Manav Chopra and Gaurav Bissa Trades 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.Jay Thakkar of SharekhanTata Consultancy Services (TCS) has formed a good consolidating pattern which is called symmetrical triangle pattern on the daily which is quite visible on the weekly charts as well. The stock has reversed from the lower end of these consolidation, risk reward is in favour of the bulls from hereon. In fact we have also observed that yesterday the momentum has come back to the IT stocks hence the way TCS has been forming higher top and higher bottom, the near-term target comes to the upper end of the range that comes to Rs 2,620 whereas the stoploss can be placed at Rs 2,510.Lupin has formed a double bottom panel on the daily as well as the weekly charts. Last week this stock had formed a clear bullish hammer candlestick pattern and yesterday it has closed in a positive territory after two days of fall which indicates that the third leg of the pullback has already started in which this stock will go towards the levels of Rs 1,760 and the stoploss can be placed at Rs 1,634.Manav Chopra of Networth Stock BrokingMy first buy call is on CESC. The stock recently after a short-term consolidation has observed a bullish breakout on the upside. The breakout has accompanied by above average volumes and the price has retraced only 38 percent of its precious advance, which indicates that the bullish undertone still remains and looking at the overall momentum indicators, we expect a higher high formation going forward. We recommend a buy at these current levels with a stoploss of Rs 580 and expect an upside target of Rs 625.My second buy call is on OnMobile Global. The stock has been in a very good uptrend forming a series of higher tops and bottoms and recently the stock after a brief correction has formed a good reversal formation on the daily chart yesterday. The prices have also managed to hold the important support clusters of Rs 100 and has exceeded its previous day's high, so going forward we expect the stock to move higher as most of the oscillators are in the buy mode and looking at the overall trend, the stock is likely to form a higher high formations. We recommend a buy at the current levels with a stoploss of Rs 102 and expect an upside target of Rs 115.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy on CESC. The stock has seen some bit of short covering and if you look at the open interest (OI) pattern in the stock of last four-five expiries whenever the stock has witnessed a short covering for a consistent two-three trading sessions, it has moved up by 5-8 percentage points in coming days. Similar can be expected in the stock this time around as well. So I recommend going long in CESC for target of Rs 620 and the stoploss is kept at Rs 580.My second recommendation today is buy on Sun Pharmaceutical Industries. Lately it has been trading in a narrow range. It has witnessed some amount of short covering that too on a consistent basis. Again I would like to say it has not been very large amount of short covering but it is a positive sign that the negativity is oozing out of this stock and if you look at the technical patterns given a breakout on the daily charts on a very short-term basis, I recommend going long in Sun Pharma for targets of Rs 865 and the stoploss of Rs 825.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!