Stock picks of the day for December 14, 2018

Indiabulls Real Estate: Buy| Target: Rs 89| Stop Loss: Rs 75| Returns 12.5%

The stock has been on a declining mode for the past four weeks and has finally formed a double bottom pattern on the weekly chart.

The stock has also broken out from a falling channel pattern on the daily chart accompanied with a smart uptick in traded volumes.

Apart from this on the monthly chart Indiabulls Real Estate has also respected November 2016 lows and bounced off smoothly. We expect the stock to move higher towards its potential target of Rs89 in the medium term.

Bajaj Finserv Ltd: Buy| Target: Rs 6500| Stop Loss: Rs 5940| Returns 5.5%

The stock has been showing immense strength in the past four trading sessions and has finally broken out from a classic cup and handle pattern on the daily chart.

It has also managed to surpass its short as well as long-term moving averages. The weekly chart analysis indicates that stock is on the verge of forming a Bullish Engulfing pattern which is a positive development.

Infosys Ltd: Buy| Target: Rs 745| Stop Loss: Rs 673| Returns 7%

The stock has been consolidating for the past nine trading sessions and has finally broken out from Flag pattern on the daily chart. The breakout has been accompanied with a smart uptick in traded volumes.

In addition, the positive crossover on the relative strength index further accentuates our bullish stance on the stock.