Moneycontrol Podcast

346: Stock picks of the day for August 20, 2018


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Aurobindo Pharma: Buy| LTP: Rs 654.55| Target: Rs 668-675| Stop Loss: Rs 622| Return 4-5% 
On the weekly chart, the stock has broken out its consolidation range and has decisively broken its resistance of 650 levels on a closing basis and is sustaining above the same.
This breakout is accompanied by an increase in volumes which supports bullish sentiments ahead. The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in a positive terrain which supports upside momentum to continue in the near-term.
The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.
DHFL: Buy| CMP: Rs 670.3| Target: Rs 685-694| Stop Loss: Rs 638| Return 5-6%
On the weekly chart, the stock has decisively broken out its consolidation range of 575-650 levels on a closing basis and is sustaining above the same. This breakout is accompanied by an increase in volumes which supports bullish sentiments ahead.
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in a positive terrain which supports upside momentum to continue in the near-term. The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.
Tata Chemicals Ltd: Buy| LTP: Rs 709.7| Target: Rs 727-736| Stop Loss: Rs 682| Return 4-5%
On the weekly chart, the stock price has bounced back from its strong support of 648 levels and is accompanied with a huge spurt in volumes which supports bullish sentiments ahead.
The weekly strength indicator RSI has given positive crossover and the momentum indicator Stochastic has continued to move upwards which supports bullish sentiments in short to medium term. The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.
Yes Bank: Buy| LTP: Rs 395| Target: Rs 412-419| Stop Loss: Rs 374| Return 6-8%
The stock was in a consolidation phase since July 2017\. With current week’s gain stock has decisively broken out its consolidation range and has closed above its stiff resistance of 375 levels on the closing basis.
In the last session, the stock has witnessed an increase in volumes which supports bullishness in near term. The daily strength indicator RSI and the momentum indicator Stochastic both have given positive crossover which supports bullish sentiments in the near term. The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead.
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