Stock Picks Podcast on May 15, 2018: 3 stocks that could return up to 10%

Exide Industries: Buy| Target: Rs 275 | Stop-loss: Rs 250 | Return 6%

After giving a breakout on the weekly charts in the week gone by, the stock closed at an all-time high. The stock price is witnessing some sideways movement since the last few days.

Exide is trading above its 20, 50, 100 and 200-SMA, which indicates bullish setup for the medium to long-term charts.

The momentum indicators like MACD is also showing strength in the stock. Therefore, we believe that this sideways movement is a good buying opportunity for the short to medium-term.

Therefore, we recommend buying Exide Industries at the current market price of Rs 259 for the upside target of Rs 275, and a stop loss below Rs 250.

Edelweiss Financial Services: Buy| Target: Rs 325 | Stop-loss: Rs 285 | Return 8%

Edelweiss Financial Services has given a bullish trend line breakout on the daily chart with higher volumes by closing above the downward sloping trendline, adjoining the highs of 03-November-2017 and 03-May-2018.

It has also given a breakout on the daily line chart by closing above multiple resistance levels of Rs 297. The short-term moving averages are trading above long-term moving averages which indicates the bullish trend for the short term.

The momentum indicators and Oscillators like RSI and MACD are showing strength in the stock for the short to medium term. Therefore, we recommend buying Edelweiss Financial for the upside target of 325 and keep a stop below Rs 285.

Mahindra Lifespace Developers: Buy| Target: Rs 568 | Stop-loss: Rs 485 | Return 10%

The stock price has given a breakout on the daily chart last Friday, where it closed above the crucial resistance level of Rs 485.

On Friday, the stock price also closed above its 5-day SMA which was placed at Rs 477 levels. The trend of the last few days suggests that whenever price starts rising with higher volumes indicates strength in the uptrend.

The momentum indicators and Oscillators like RSI and MACD are showing strength in the stock for the short to medium term. Therefore, we recommend buying Mahindra LifeSpace for the upside target of Rs 568, and a stop below Rs 485.

Disclaimer: The author is Technical & Derivatives Analyst at HDFC Securities. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.