Stock picks of the day on March 28, 2019

RBL Bank: Buy| CMP: Rs 668.50 | Target: Rs 722|Stop Loss: Rs 644|Return 8%

The stock has given consolidation pattern breakout which pushed the price higher. In addition, the price has moved above the previous swing high. Weekly RSI (14) is in bullish crossover and rising with a current reading of 69.

Traders can accumulate the stock in the range of 665-670 for the target of 722 with a stop loss below 644.

IGL: Buy| CMP: Rs 305.65 | Target: Rs 324|Stop Loss: Rs 296|Return 6%

On the weekly frame, the stock has moved above previous swing high and has been consolidating since then. The stock is seen trading comfortably above 200SMA as well as 100SMA where the duo is having a bullish crossover.

The daily MACD is in bullish crossover and currently reading above the line of polarity. Traders can accumulate the stock in the range of 304-307 for the target of 324 with a stop loss below 296.

Gruh Finance: Buy| CMP: Rs 269.05 | Target: Rs 290|Stop Loss: Rs 256.40|Return 8%

The stock has moved up smartly after forming tweezers bottom at 257 on the daily frame. In addition, the stock has witnessed a six days highest closing suggesting a rising optimism.

The daily strength indicator RSI (14) has entered in a bullish crossover with a current reading above 56. Traders can accumulate the stock in the range of 267-270 for the target of 290 with a stop loss below 256.40.