Super Six: Top chart picks for November 26

On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Shrikant Chouhan of Kotak Securities and Vikrant Jadeja of Vibrant Trades 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.

Vishal Malkan, malkansview.com I have a buy call on Crompton Greaves. It has given a fresh breakout above the level of Rs 115 which was an important resistance with good volumes on daily as well as weekly charts. Bullish pattern has been formed on daily charts; momentum is already into bullish zone. I recommend a buy with a stop of Rs 116 for targets of Rs 123 and Rs 125.
I have a buy call on Jindal Steel & Power (JSPL). It has taken an important support at Rs 245 levels since last couple of days and forming bullish candlestick patterns on daily charts. Intraday momentum has entered into bullish zone. I recommend a buy with a stop loss of Rs 248 for targets of Rs 260 and Rs 262.
Shrikant Chouhan, Kotak Securities I have a buy call on UCO Bank. The stock is in rising top, rising bottom series and yesterday the stock has formed higher bottom at Rs 72. The stock can go to the next levels of Rs 80-81 in next one-two days of time. One can trade long at current levels with a final stop loss at Rs 72 on the downside. I have a buy call on Bharat Heavy Electricals (BHEL). The stock has absorbed selling pressure at Rs 143-144 level of supply falling trend line and it closed above that. So from here the stock can move towards Rs 155-156 where it has multiple resistances and above that the stock can even go to the levels of Rs 170-175. At current levels, one can trade long with a final stop loss at Rs 141 on the downside which is its important support line and keep a target of minimum Rs 155 on the higher side.
Vikrant Jadeja, Vibrant Trades We have seen a good rally in Arvind from the levels of Rs 92 almost Rs 130 but looking at four-five last trading sessions scenario, it is possible that we may see some kind of reversal on the downside and the rate of Rs 117 could be expected in near-term. So, one can go short in Arvind on any bounce with a stop loss of Rs 128.5, expect a target of Rs 117 in the next three-four trading sessions. Despite of less liquidity in Mcleod Russel one may see some kind of momentum in the volume going forward in the next one-two trading sessions and we may see some kind of breakout on daily as well as on weekly charts. So, one can easily expect rate of Rs 300. Accumulate Mcleod Russel at current market price, keep a stop loss of Rs 275, expect target of Rs 295 to Rs 300 in the next two-three trading sessions.