On CNBC-TV18's show Super Six, market gurus Meghana V Malkan, Vishal Kshatriya and Manas Jaiswal 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.
Meghana V Malkan of malkansview.com
Voltas formed a bullish candlestick pattern in Friday’s trading session. Momentum indicators in daily charts are at the support zone. Hence a buy call with a stoploss of Rs 225 for targets of Rs 240 and Rs 245.
For Crompton Greaves Rs 200 level had been acting as a good support. It broke that level in Friday’s trading session and closed below it. Volumes have improved on the breakdown, momentum indicators in the daily chart and their respective bearish zone. Hence a sell call with a stoploss of Rs 197 for lower target of Rs 183 and Rs 178.
Vishal Kshatriya of Edelweiss
Dishman Pharmaceuticals & Chemicals is trading near its important support of Rs 150. I expect stock to bounce back from current level. Technical oscillators are also trading in oversold zone. Traders can initiate long at current market price with a target price of Rs 165, maintain stoploss below Rs 148.
Overall trend in TVS Motor is positive which is depicted by formation of higher tops and higher bottoms on this daily chart. Technical oscillators are also trading with positive bias. Traders can initiate long at current market price with a target price of Rs 245 and Rs 250, maintain stoploss below Rs 220.
Manas Jaiswal of manasjaiswal.com
Exide Industries broke the neckline of head and shoulder pattern on the daily chart and it fell below 50-day moving average. So we may see further weakness. It can test Rs 156 in next two-three trading sessions. So one can go short at current levels, keep a stoploss above Rs 168.
L&T Finance Holdings is making lower tops and lower bottoms on the daily chart. Friday it broke an important support of Rs 65. So this trend will continue in the coming days also. It can go down to around Rs 61 so that is our target. One can go short at current levels, keep a stoploss above Rs 66.50.
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!
