On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Hemen Kapadia of KR Choksey Securities and Gaurav Ratnaparkhi of Sharekhan 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.
Manas Jaiswal of manasjaiswal.com
HDFC is making higher tops and higher bottoms on the daily charts. Yesterday it has broken its resistance of Rs 804 and its 200 day moving average (DMA). So we may see further up move. It can test Rs 830 in next two to three trading sessions. One can buy the stock at current levels with a stop loss of Rs 800.
IndusInd Bank was facing a lot of resistance near to Rs 395 for last one month but yesterday it has broken this resistance and gave a triangular breakout on the daily chart. So, we may see a further upmove. It can touch Rs 410 in next two to three trading sessions. One can buy stock at current levels with a stop loss of Rs 394.
Hemen Kapadia of KR Choksey Securities
I have a buy call on HDFC. It has reflected strength by giving a high volume upward by reversal on the daily chart. The mechanical indicator on the daily and the hourly charts have signaled a buy and are supporting the move indicating the stock's intention to appreciate further from here. One can buy HDFC at its closing of around Rs 810 with a stop loss of Rs 804 and a target of Rs 822.
I have a buy call on Reliance Capital. It has reflected strength by giving a decent bounce back from lower levels. The stock has entered an intraday uptrend. Most of the intraday mechanical indicators are supporting the move and have signaled a buy plus the stock is on the verge of a breakout from here indicating its intention to appreciate further. One can buy Reliance Capital at its closing of around Rs 319 with a stop loss of Rs 316 and a target of Rs 325.
Gaurav Ratnaparkhi of Sharekhan
I have a buy call of United Spirits. After tumbling down sharply in last few weeks, United Spirits is now in pullback move. On hourly charts it has formed an inverted head and shoulders pattern. It is a bullish pattern. And in the last session the pattern has broken out on the upside. The price breakout has occurred on the backdrop of bullish daily momentum indicator. Even the hourly momentum indicator has started a new cycle on the upside from an equilibrium line. So, United Spirits is a good buying candidate from the couple of day's perceptive. Stop loss can be placed at Rs 2,350 and target will be Rs 2,520.
My second pick is Godrej Industries. Since last few sessions Godrej industries is consolidating near a medium-term rising trend line. At that level the stock has formed an accumulation triangle which is a bullish pattern. In the last session the stock has formed a bullish outside bar on daily chart. Even the daily momentum indicator has given a fresh buy signal in the last session, all these observation suggest that the stock is likely to attract fresh buying interest and from trading perspective, stop loss can be placed at Rs 265 and target will be Rs 285.
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