Stock picks of the day for March 15, 2019

DLF: Buy| Target: Rs 218| Stop Loss: Rs 194| Upside 8%

The stock has shown immense strength in the recent past and has broken out from the falling channel pattern on the weekly chart.

It has also surpassed its 200-weekly exponential moving average. Projections indicate that the stock has the potential to rally towards Rs 218 in the medium-term.

Karnataka Bank: Buy| Target: Rs 140| Stop Loss: Rs 122| Upside 9.3%

The stock rallied smartly and has broken out from an inverse head and shoulder pattern on the weekly chart. The breakout has been accompanied with a smart uptick in traded volumes.

The stock has also witnessed golden crossovers on the moving average on the daily chart. Projections indicate that the stock has the potential to rally towards Rs 140 levels in the medium-term.

Reliance Capital Mar Futs: Sell| Target: Rs 158.5| Stop Loss: Rs 172| Downside 5%

The stock has been consolidating for the past six trading sessions and has finally broken down from a consolidation pattern.

The fall has also been accompanied with a smart uptick in traded volumes. The negative crossovers on the Relative Strength Index (RSI) further accentuates our bearish stance on the stock.

We expect the stock to decline lower towards its potential target of Rs 158.5 in the near-term.