Stock picks of the day for September 10, 2018

Episode 409,  Sep 10, 2018, 03:15 AM

KPR Mill Ltd: Buy| LTP: Rs 700.25| Target: Rs 728| Stop Loss: Rs 663| Return 4%

On the weekly chart, the stock has formed a "Double Bottom" - a short-term reversal pattern which signals a shift of short-term trend reversal to the upside.

This breakout is accompanied with a huge spurt in volumes which supports the 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.

Lupin Ltd: Buy| LTP: Rs 956.65| Target: Rs 1,022| Stop Loss: Rs 915| Return 7%

On the weekly chart, the stock has formed an "Inverse Head & Shoulder" - a short-term reversal pattern which signals a shift of short-term trend reversal to the upside.

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.

Torrent Power Ltd: Buy| LTP: Rs 269.20| Target: Rs 290| Stop Loss: Rs 258| Return 7%

On the weekly chart, the stock has formed a "Double Bottom" - a short-term reversal pattern which signals a shift of short-term trend reversal to the upside.

This breakout is accompanied with a huge spurt in volumes which supports the 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 1000-day SMA which supports bullish sentiments ahead.

Cadila Healthcare Ltd: Buy| LTP: Rs 425.85| Target: Rs 449| Stop Loss: Rs 398| Return 5%

With current week's strong gains the stock has decisively broken out from its down sloping channel breakout at 402 levels on the closing basis. This breakout is accompanied with rising 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.