Stock picks of the day for February 13, 2019

Tech Mahindra: Buy| LTP: Rs 805.35| Target: Rs 885| Stop-loss Rs 760| Upside 10%

The stock has recently registered a new 52-week high of 818 with higher volumes. IT sector has been outperforming for the last two months. The stock has already posted its quarterly results which were good.

The stock has broken out from the bullish “Flag” pattern on the monthly charts. It is trading above all important moving averages, indicating uptrend on all time frames.

Kotak Mahindra Bank: Buy| LTP: Rs 1298| Target: Rs 1400 | Stop-Loss: Rs 1247 | Upside 8%

The stock has been forming higher tops and higher bottoms on the daily charts. It has moved above all important moving average parameters. The Nifty private sector Index has been showing a great amount of strength in the recent uncertain scenario.

Kotak Bank carries one of the highest weight in the Index and is expected to do well in the coming times. Indicators and oscillators have also turned bullish on the short to medium term charts.

ITC: Buy| LTP: Rs 275| Target: Rs 298 |Stop-loss Rs.265 |Upside 8%

The stock has formed multiple bottom at 268 odd levels in the last 1 year. On Monday, the stock formed a bullish “Hammer” candlestick pattern on the daily chart, indicating bullish trend reversal for the short term.

For the last four months, the stock has been consolidating in the range of 268 and 297 range. Recently, it touched its lower band of the range, indicating possible bounce from the current levels.