Stock Picks Podcast for May 8, 2018: 3 stocks could give up to 11% return
Share
Subscribe
Tata Global Beverage Ltd: Buy| Target: Rs 315 | Stop loss: Rs 278 | Return 7%
The stock which witnessed some correction from its three-month high recorded in April managed to reverse its short-term trend again by closing above its 5-days SMA on Monday which is currently placed at Rs 291 level.
The stock price has already given a bullish trendline breakout by closing above the downward sloping trendline, adjoining the highs of 15-January 2018 and 09 April 2018 suggesting bullish trend.
The stock price is trading above its 20, 50, 100 and 200-SMA, which indicates bullish setup for the medium to long-term. The momentum indicators and Oscillators are also showing strength in the stock.
FMCG as a sector is also doing well. Therefore, we recommend buying Tata Global at CMP of Rs 294 for the upside target of 315 and keep a stop loss placed below Rs 278.
Camlin Fine Sciences: Buy| Target: Rs 128 | Stop loss: Rs 108 | Return 11%
Camlin Fine Science has given a bullish trendline breakout on the daily chart with higher volumes by closing above the downward sloping trendline adjoining the highs of 05 January 2018 and 12 April 2018.
After forming multiple bottoms in April around Rs 103 - 105 level, the stock price reversed northwards to close above its 5 and 20-DMA with higher volumes.
Oscillators like RSI and KST are showing strength in the stock in the short to medium-term. Therefore, we recommend investors to buy Camlin Fine Sciences for the upside target of Rs 128 and keep a stop loss below Rs 108.
DCB Bank: Buy| Target: Rs 206 | Stop loss: Rs 198 | Return 5%
The stock price is on the verge of giving a bullish flag pattern breakout on the daily charts. The trend of the last few days, where price is rising with higher volumes and subdued volumes during the consolidation indicate strength in the uptrend.
The short-term moving averages are trading above its long-term moving averages which indicates a bullish trend.
Private Banks along with Bank Nifty is doing well for the last few days. Therefore, we recommend buying DCB Bank for the upside target of 206 and keep a stop loss below Rs 198.