Super Six stocks you can bet on July 9

I have a buy call on Tech Mahindra. It has fallen significantly in last few sessions. However, the recent structure shows that the stock is preparing itself for a short-term bounce. In terms of wave structure, the stock has formed an ending diagonal pattern on the daily chart from where a short-term bounce can originate. The bounce can last for next few sessions. From trading perspective, stoploss can be placed at Rs 460 and target will be Rs 495. 

 

My second pick is Indiabulls Real Estate. Since last few sessions, Indiabulls Real is trading in sideways manner. In terms of price pattern, this stock has taken form of a triangular pattern. In near lower end of the pattern, crucial daily-moving averages are there to provide support to the counter. So, the pattern is likely to breakout on the upside and one can buy this stock with a stoploss of Rs 55.80 and target will be Rs 62

My first call is a sell on IRB Infrastructure Developers. The stock has found multiple resistance around the crucial hurdles of Rs 240-250 which indicates that there is limited upside from the current zone. Also the momentum indicators have confirmed bearish reversal signal which suggests that the stocks would see a decline in the near-term perspective. Prices have also breached the important support clusters on the intraday charts and has confirmed a reversal formation. We recommend a sell with a stoploss of Rs 238 and expect a lower target of Rs 210.

 

My second call is a buy on Kajaria Ceramics. The stock has seen a good bounce from its oversold zone and after a couple of days of consolidation has breached decisively and closed above the crucial levels of Rs 740. There has been a good volume increase which suggests that prices would see a good momentum coming in the next few days and the prices have also managed to close above the short-term moving averages which is a positive signal. We recommend a buy with a stoploss of Rs 735 and expect an upside target of Rs 800.

My first call is a buy on United Breweries. It has closed above a Rs 1,000 level which is acting as a good resistance previously. Daily timeframe momentum is also bullish. Hence a buy call with a stoploss of Rs 1,000 for a target of Rs 1,040.

 

My second call is a buy on Hexaware Technologies. It formed a bullish candle pattern in yesterday’s trading session. Also, yesterday’s session witnessed some bullish divergences of intraday charts too. Hence a buy call with a stoploss of Rs 248 for a target of Rs 264.