Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, Technical Trends, along with Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Financial Services share their top stock picks for the day.
NSE
From Mitessh Thakkar
Mitessh Thakkar’s first buy call of the day is on Hindustan Unilever (HUL). He recommends this with a stop loss of ₹2,509 for an upside target of ₹2,580. Shares have remained flat over the last month.
He recommends a buy call on Bharat Electronics (BEL), with a stop loss of ₹143 for targets ₹155. Shares are up more than 8% over the last month.
Thakkar also has a buy call on Alkem Laboratories with a stop loss of ₹4,370 for a target of ₹4,600. Shares are up more than 24% over the last month.
Thakkar’s only sell call is on Cholamandalam Finance with a stop loss of ₹1,150 for a target ₹1,080. The stock is down more than 5% over the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Dabur. He advises traders to keep a stop loss of ₹525. Shares have gained more than 3% over the last month.
Pidilite Industries is another buy call from Sudarshan Sukhani. Stop loss is to be placed at ₹2,450. The stock has gained more than 5% in the last month.
He also recommends buying Cipla with a stop loss of ₹1,230. Shares are up more than 3% over the last month.
Lastly, Sukhani recommends an intraday short on SBI Cards. He advises a stop loss of ₹750. Shares are down more than 5% over the last month.
From Chandan Taparia
Chandan Taparia has a buy call on Apollo Hospitals with a stop loss of ₹5,375 and a price target of ₹5,700 on the upside. The stock is up more than 9% in the past month.
Additionally, he also has a buy recommendation on PFC with a stop loss of ₹305 and an upside target of ₹326. Shares have gained more than 28% in the last month.
Tata Consumer Products is another buy call from Taparia with a stop loss of ₹915 and a target of ₹975. The stock is up more than 4% in the past month.
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