4 hot stock picks from Kotak Securities

Kotak Securities recommends the following stocks:

JSW Energy: BUY: 63.15 / Stop-Loss: 60 / Target: 70

Stock has formed a rising channel and is constantly taking support from the lower end of the channel and rebounding from the same. Volume pattern suggests that there is constant buying interest from investor. With a good risk-to-reward ratio traders as well as investors should look to buy this stock.

Asian Paints

SELL: 1134.15/ Stop-Loss: 1170/ Target: 1060

Asian Paints has risen from levels of 850 to current highs of 1180. It has taken support of a rising trend line, until yesterday when it broke down. It has tested the highs of 1180 on multiple occasions and has failed to surpass it (Potential Triple Top formation).  Multiple evidences suggests weakness in the stock.

Page Industries

BUY: 16317.10 / Stop-Loss: 15850 / Target: 17150

We posted a call on PAGE Industries on June 07, 2017, rational for which was that the stock was trading in an upwards sloping channel. The stock recently broke out of the channel with huge volumes, and is now taking support of the channel resistance line. We continue to remain bullish on PAGE Industries, revising our price target to 17150.

Tata Steel

BUY: 510.90 / Stop-Loss: 495 / Target: 550

Stock had broken out on an upside from triangle formation on quarterly charts. On a daily timeframe, stock is forming a higher high and higher low series and is also available at strong support area, where also lies gap support. Stock has also been consistently outperforming the market, which makes the stock a preferred bet. Trader and investor should look to buy the stock with a stop loss of 495.