Super Six: Top chart picks for April 12

On CNBC-TV18's show Super Six, market gurus Gaurav Bissa, Manas Jaiswal and Jay Thakkar, 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.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Biocon. This stock has seen good amount of long positions, gave a breakout above Rs 500 levels. It is trading above the short-term averages, above the long-term averages. The stock is looking poised for a much more upside from the current levels. For short-term one can initiate a long position for target of Rs 565, one can have a stoploss at Rs 535.My second recommendation today is a buy on DLF. In the last two trading sessions, we have seen a good amount of longs coming in. 120 Call option commands one of the highest concentration. If you look in terms of options, only in the last 4-5 months, Rs 120 Call option had the highest open interest concentration. I would recommend going long in the stock for target of Rs 130 with a stoploss at Rs 117.Manas Jaiswal of manasjaiswal.comMy first pick is UPL. That is a buy call. The stock is making higher tops and higher bottoms on a daily chart and yesterday it broke the resistance of Rs 470 with higher volumes. So we may see further upmoves, it can test Rs 495. One can buy it with a stoploss of Rs 465.My second call is on Tata Elxsi. That is a buy call. Stock was moving sideways in the range of Rs 1,900 and Rs 1,850 for the last 2-3 weeks. But yesterday it broke this range upside with higher volumes. So, possibly, we may see a further upmove. It can test Rs 2000, so one can buy it with a stoploss of Rs 1,895.Jay Thakkar of SharekhanOne can buy Castrol India at the current market price and the stock has given a good breakout from a symmetrical triangle pattern formed on its daily chart. The momentum indicators on the daily as well as the hourly charts are well into the buy mode. The weekly charts as well, the indicators have just reversed. One can buy Castrol for a target of Rs 392, and for that one can place a stoploss at Rs 373.50.Ceat has formed a good bearish head and shoulder pattern on the daily charts. The right shoulder of this bearish pattern seems to have gotten over. On the upside, the right shoulder seems to now become a very crucial resistance going forward indicating it is well into the selling mode. So, one can sell with a target of Rs 1,032 initially and below that Rs 1,018 and for that, one can place a stoploss at Rs 1,092.