{"type":"rich","version":"1.0","title":"Stock Picks of the Day on July 26, 2018","description":"Mahanagar Gas Ltd: Buy| CMP: Rs. 876.75| Target Rs 972|Stop Loss Rs.829| Return 10%\n\nOn the daily frame, the stock has produced a symmetrical triangle breakout, which is the result of growing optimism in stock.\n\nThe recent up move has set the price above 50 EMA; in addition, the price has moved above 38.20% retracement level of the previous fall from 1028 to 772.\n\nThe weekly and daily momentum indicators are also in favour of further upside in the stock.\n\nTraders can accumulate the stock in the range of Rs 870-880 for the target of Rs 972 with a stop loss below Rs 829.\n\nPidilite Industries Ltd: Buy| CMP: Rs. 1117.65 | Target Rs 1207| Stop Loss Rs.1069| Return 8%\n\nThe stock was consolidating within a range of 80 points on the daily chart for several days, which finally resulted in a penetration above the upper band of the consolidation pattern.\n\nDecent volume is visible on the day of the breakout which adds to the bullish perception in the stock. This type of breakout suggests after days of indecisiveness there is a spurt in bullishness.\n\nBullish crossover in the momentum indicators also suggests a rally in the short term. Traders can accumulate the stock in the range of Rs 1110-1125 for the target of Rs 1207 and a stop loss below Rs 1,069.\n\nCentury Textile Ltd: Buy| CMP: Rs.904.85 | Target Rs 1,000| Stop Loss Rs.859| Return 10%\n\nThe stock has completed a bullish AB=CD pattern on the daily chart which suggests a possibility of the reversal in the stock trend.\n\nOn the daily chart, the stock price has moved above its recent consolidation pattern. Momentum oscillator, RSI (14) on the daily chart is in positive divergence which suggests the positive shift is expected in the stock in the near term to short term.\n\nTraders can accumulate the stock in the range of Rs 900-910 for the target of Rs 1,000 with a stop loss below Rs 859.\n\nUBL Ltd: Buy| CMP: Rs.1,110.55 | Target Rs 1,220|Stop Loss: Rs.1,054|Return 10%\n\nThe stock has in a higher top higher bottom formation on the weekly chart. In its recent move price has found support around the 50 EMA.\n\nOn the daily chart, the price has formed a bullish Anti Butterfly Harmonic pattern which suggests a strong pullback in the stock over the short term. Momentum oscillator, RSI (14) on the daily chart has entered in a positive crossover after recent price move.\n\nTraders can accumulate the stock in the range of Rs 1,100-1,115 for the target of Rs 1,220 with a stop loss below Rs 1,054.\n\nKajaria Ceramics Ltd: BUY| CMP: Rs.444.30 | Target RS.500|Stop Loss Rs.422|Return 12%\n\nThe stock has moved above the last three days consolidation high. Moreover, the stock has completed a bullish AB=CD pattern on the daily chart which suggests a reversal in the price trend in the stock.\n\nMomentum oscillator, RSI (14) on the daily chart has formed a double bottom and moved out of the oversold zone which suggests momentum to remain positive in the short term.\n\nTraders can accumulate the stock in the range of Rs 440-450 for the target of Rs 500 with a stop loss below Rs 422.\n\nDisclaimer: The author is a Technical Research Analyst at Bonanza Portfolio Ltd. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.","author_name":"Moneycontrol Podcast","author_url":"https://audioboom.com/channels/4937727-moneycontrol-podcast","provider_name":"Audioboom","provider_url":"https://audioboom.com","width":480,"height":95,"thumbnail_url":"https://audioboom.com/i/33167963/600x600/c","thumbnail_width":600,"thumbnail_height":600,"html":""}