Stock picks of the day for December 11, 2018

ABB India Ltd: Buy| LTP: Rs 1397| Target: Rs 1480 | Stop-Loss: Rs 1350 | Return 6% 

In the recent correction, ABB has shown strength as it is trading at a two-month high. ABB’s primary trend is positive where the stock price is trading above its 5,20 and 200-DMA.

Oscillators and momentum Indicators like RSI and MACD is showing strength on daily charts. The large-cap Capital goods stocks are showing strength since the last few days and looking good on the charts.

Therefore, we recommend buying ABB for the target of 1480 and keeping a stop loss at Rs 1350

Dr Reddy's Laboratories Ltd: Buy| LTP: Rs 2690| Target: Rs. 2825 | Stop-Loss: Rs 2600 | Return 5%

Dr.Reddy is one of the outperformers amongst the Pharma stocks, where it gained by 11 percent till date in the CY18 as against the 11 percent fall in the Nifty Pharma Index.

The stock price is currently trading above it's 5,20 and 200-day simple moving averages indicating that the stock is in an uptrend.

Oscillators and momentum Indicators like RSI and MACD is showing strength on daily charts. The stock price is trading at 52- week high and is likely to remain an outperformer in the coming days.

Therefore We recommend buying Dr. Reddy for the target of 2825, keeping a stop loss at Rs 2600

Berger Paints Ltd: Buy| LTP: Rs 305| Target: Rs. 325 | Stop-Loss: Rs 293 | Return 7%

Berger Paint reversed northward after taking support from the gap created on 02nd November, resulting in a bullish hammer candlestick pattern on the daily chart.

The stock price has been resilient in the recent market fall and up by 11 percent in CY18 till date.

The stock price is trading above its 200-Day simple moving average indicating the primary trend is bullish.

A sharp fall in crude price also augurs well for the short to medium term. Therefore, we recommend buying Berger Paints for the upside target of 325 and keeping a stop loss at 293