On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Meghana Malkan of malkansview.com and Hemen Kapadia of KR Choksey Securities 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
ICICI Bank has broken the neckline of inverse head and shoulder pattern on the daily charts with higher volumes yesterday, so we may see a sharp up move. The stock can test Rs 1110 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 1064.
Tata Steel has made a strong base near to Rs 370 and yesterday it has broken the resistance of Rs 385 with higher volumes, so we may see an up move. The stock can test Rs 395 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 380.
Meghana Malkan of malkansview.com
Jaiprakash Associates has formed a bullish candlestick pattern in yesterdays trading session, volumes have been above average, momentum in intraday charts is good hence a buy call with a stop loss of Rs 48 with higher targets of Rs 50-51.
ICICI Bank formed a big wide candlestick pattern in yesterdays trading session with above average volumes, it also closed above 20 days moving average. In intraday charts the price has begun tagging the upper band of the bollinger bands. I would therefore recommend going long on the stock with a stop loss of Rs 1070 and target of Rs 1095-1110.
Hemen Kapadia of KR Choksey Securities
Buy Jubilant Foodworks. It has reflected strength by giving a mini breakout. The intraday mechanical indicators are supporting the move and the stock has entered an intraday uptrend indicating its intention to appreciate further from here. One can buy Jubilant at around Rs 1168 with a stop loss of Rs 1158 and intraday target of Rs 1182.
Hindustan Unilever (HUL) has reflected strength by bouncing back from its intraday lows, the mechanical indicators are supporting the move and the stock has entered an intermediate uptrend indicating its intention to appreciate further from here. One can buy HUL at its closing of Rs 560, with a stop loss of Rs 556 and target of Rs 568.
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