Super Six: Top chart picks for November 05

On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Vishal B Malkan and Kunal Saraogi 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.

Gaurav Ratnaparkhi of Sharekhan

I have a buy call on Ranbaxy Laboratories. It has crossed the swing high of Rs 642.30 and has started next leg on the upside. In terms of wave structure, it is forming wave extension; the early momentum indicator has started a new cycle on the upside. But the daily momentum indicator is already in bullish mode. So from short-term perspective, this stock is expected to move up till its weekly Bollinger band, which is near Rs 677 and stoploss can be placed at Rs 625.

I have a sell call on Hindustan Zinc. It is facing resistance near multiple hurdles. Daily and weekly upper Bollinger band along with the medium-term falling trendline are acting as strong resistances and near these resistances, the stock has formed a bearish outside bar in the last session. So the stock looks poised for a short-term correction and stoploss for Hindustan Zinc futures will be Rs 175 and target will be Rs 162.