Godrej Consumer Products
Buy Godrej Consumer Products above Rs. 815 with the TARGET
of Rs. 865 and STOPLOSS of Rs. 790
Reason to Buy: The stock has staged a strong reversal from
the neckline of its bearish head and shoulder pattern. This negation of a
bearish pattern is going to provide strong momentum in the counter in the near-term.
Also the stock has taken support at its 200 day moving average.
Hindustan Unilever (HUL)
Buy Hindustan Unilever (HUL) above Rs. 598 with the TARGET
of Rs. 640 and STOPLOSS of Rs. 580
Reason to Buy: After going through a sharp correction of 20
percent in the space of last one month, the stock has found an intermediate
support around Rs 580. On multiple occasions, the stock has staged a pullback
from these levels. Now after a period of sideways consolidation, the stock is
attempted to breakout on the upside.
Bajaj Auto
Buy Bajaj Auto above Rs. 1,760 with the TARGET of Rs. 1,840
and STOPLOSS of Rs. 1,710
Reason to Buy: First stock that we will recommend is a buy call
with regards to Bajaj Auto. The daily chart structure of Bajaj Auto shows a
downward-sloping wage pattern. The breakout of this pattern should lead to
significant upside in the next few trading sessions.
KPIT Cummins Infosystems
Buy KPIT Cummins Infosystems above Rs. 136 with the TARGET
of Rs. 145 and STOPLOSS of Rs. 128
Reason to Buy: The stock has been in a very strong higher
top higher bottom cycle over the last two months and going forward we expect
significant upside in this counter.
Century Textiles
Buy Century Textiles with the TARGET of Rs. 220, 224 and
STOPLOSS of Rs. 209
Reason to Buy: It has formed a bullish candlestick pattern
on daily chart with volumes. Hourly momentum has entered into bullish zone.
Wipro
Buy Wipro with the TARGET of Rs. 485, 490, 494 and STOPLOSS
of Rs. 465
Reason to Buy: It has closed above the important resistance
of Rs 470 on daily closing basis.
Unitech
Buy Unitech with the TARGET of Rs. 17 and STOPLOSS of Rs. 15
