Stock picks of the day for February 26, 2019

HCL Technologies Ltd: Buy| LTP: Rs 1083.50| Target: Rs. 1190| Stop-loss: Rs 1026 | Upside 10%

The stock price has given a breakout from the bullish “Flag” pattern on the daily charts, which indicates a continuation of the primary trend which is on the upside.

The stock is a few percentages away from making a new all-time high above Rs 1125. I.T sector has been the biggest contributor in maintaining the strength in the Nifty. Moving average and Oscillator setup is bullish on daily and weekly charts.

Considering the technical evidence discussed above, we recommend buying the stock between CMP and Rs 1050 for the target of Rs 1190 and keep a stop loss below Rs 1026 on a closing basis.

SRF Ltd: Buy| LTP: Rs 2243| Target: Rs 2445| Stop-Loss: Rs 2155| Upside 10%

The stock price has given a breakout from bullish “Flag” pattern on the daily charts, which indicates a continuation of a primary uptrend.

The stock has been forming higher tops and higher bottoms on the daily charts. It has moved past above all important moving average parameters. Indicators and oscillators have also turned bullish on the short to medium term charts.

Considering the technical evidence discussed above, we recommend buying the stock at CMP and average it at Rs 2180, for the target of Rs 2445, and keep a stop loss below Rs 2155 on a closing basis.

Torrent Pharma Ltd: Buy| LTP: Rs 1812|Target: Rs 1962 |Stop-Loss: Rs 1710| Upside 8%

The stock has resumed its uptrend after 5-weeks of price correction. The primary trend of the stock has been bullish with higher tops and higher bottoms on the weekly as well as on the monthly charts.

In August 2018, the stock broke out from the long-term consolidation pattern on the monthly charts by surpassing the crucial resistance of Rs 1770 on a closing basis.

Considering the technical evidence discussed above, we recommend buying the stock at CMP and average it at Rs 1760, for the target of Rs 1962, and keep a stop loss below Rs 1710 on a closing basis.