{"type":"rich","version":"1.0","title":"Stock picks of the day for January 09, 2019","description":"Titan Company Limited: Buy| Target: Rs 1025| Stop Loss: Rs 885| Return 9%\n\nThe stock has taken support at its 100-days exponential moving average (EMA) on the daily charts and took a V-shaped recovery from 870 levels to once again reclaim the momentum above its short-term moving averages.\n\nFrom the last six weeks, the stock has been consolidating in a broader range of Rs 870-945 along with consistent buying at lower levels.\n\nThis week, we have observed a fresh breakout in prices above the key resistance level of 945 along with positive divergence in secondary oscillators. Traders can accumulate the stock in the range of 935-945 for the upside target of 1025 levels and a stop loss below 885.\n\nIndian Bank: Buy| Target: Rs 278| Stop Loss: Rs 240| Return 9%\n\nThe stock made a double bottom pattern around Rs 210 levels on the daily charts and bounced back towards 250 levels once again.\n\nThis week we have observed a fresh breakout of last three weeks consolidation along with a breakout above the ascending triangle pattern on daily charts. Traders can accumulate the stock in a range of 255-257 for the upside target of 278 levels and a stop loss below Rs 240.\n\nRepco Home Finance Limited: Buy| Target: Rs 471| Stop Loss: Rs 390| Return 12%\n\nThe stock has given breakout, after a prolonged consolidation of more than two weeks along with price rising above its 100 days exponential moving average on a daily interval.\n\nOn the broader structure as well the stock is also building up a “W” pattern on the technical ground which is again a bullish signal. So, traders can accumulate the stock in a range of Rs 420-430 for the upside target of Rs 471 levels and a stop loss below Rs 390.","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/34181385/600x600/c","thumbnail_width":600,"thumbnail_height":600,"html":""}