Stock picks of the day for March 20, 2019

Siemens Limited: Buy| Target: Rs 1140| Stop Loss: Rs 980| Upside 9% 

The stock has taken support around Rs 940 levels in the recent past and took a V-shaped recovery to once again reclaim above its long-term moving averages.

From the technical front, the stock has formed an inverted head and shoulder pattern on the daily charts and is on the verge of a breakout above the neckline of the pattern formation.

So, traders can accumulate the stock in the range of Rs 1040-1050 for the upside target of 1140 levels with a stop loss below 980.

Asian Paints Limited: Buy| Target: Rs 1568| Stop Loss: Rs 1385| Upside 8%

The stock has been maintaining its bull trend on broader charts and last week a breakout in prices has been observed after a prolonged consolidation.

While this week, the follow-through buying has emerged into prices once again as the stock has given a breakout above the symmetrical triangle pattern on daily interval along with positive divergence on secondary oscillators.

Traders can accumulate the stock in a range of 1450-1455 for the upside target of 1568 levels with a stop loss below 1385.

Havells India Limited: Buy| Target: Rs 837| Stop Loss: Rs 715| Upside 10%

The stock has been maintaining its bullish trend and seen trading in a rising channel with the formation of higher highs and higher low pattern on a daily & weekly interval.

This week we have observed a fresh breakout in prices above the bullish flag pattern which can trigger next up move in prices moving forward.

So, traders can accumulate the stock in a range of 760-765 for the upside target of 837 levels with a stop loss below 715.