Stock picks of the day for September 27, 2018

ACC Ltd: Buy| CMP: Rs. 1582 | Target Rs 1661| Stop Loss: Rs 1534| Return 5%

On the daily chart, the price has moved above a falling trendline which suggests reversal of the previous downtrend. The downwards consolidation got reversed

by a sudden rise in price. The daily RSI (14) is in a bullish crossover and is rising.

Traders can accumulate the stock in the range of Rs 1575-1585 for the target of Rs 1661 with a stop loss below Rs 1534.

Exide Industries Ltd: Buy| CMP: Rs. 273.60| Target Rs 295| Stop Loss Rs.264| Return 8%

The stock has given a downwards consolidation breakout which suggests growing optimism in the stock. The rise in price was backed by increased volume.

Lower wick on the weekly candle suggests buying at the lower levels. The daily strength indicator, RSI is in bullish crossover and rising. Traders can accumulate

the stock in the range of 270-276 for the target of 295 with a stop loss below 264.

Bharat Electronics Ltd: Buy| CMP: Rs.84.20 | Target Rs 95| Stop Loss: Rs 79.40| Return 12.8%

After a downward consolidation, the price has moved up smartly which suggests waning bearishness. The rise in price was backed by decent volume on the

daily frame. On the weekly frame, a tweezers candlestick is seen.

In addition, a divergence is seen on the daily RSI which suggests momentum is likely to witnessed positive shift. Traders can accumulate the stock in the range

of 82-85 for the target of 95 with a stop loss below 79.40.