{"type":"rich","version":"1.0","title":"Stock picks of the day for January 10, 2019","description":"Tata Motors Ltd: Buy| CMP: Rs.183.05 | Target: Rs 198| Stop Loss Rs.176| Return 10%\n\nThe stock has given a falling wedge breakout on the daily frame which suggests that the optimism in the stock has increased significantly and the trend has reversed now.\n\nIn addition, the stock price has moved above the 50-EMA for the first time in the last four month. On the daily chart, the momentum indicator RSI (14) is in positive crossover and rising.\n\nTraders can accumulate the stock in the range of 180-185 for the target of 198 and a stop loss below 176.\n\nITC: Buy| CMP: Rs.290.40 | Target: Rs 312| Stop Loss: Rs.279| Return 7%\n\nOn the daily chart, it can be observed that price has given a symmetrical pattern breakout which indicates a price may move up in the short-term as the trend has revered.\n\nOn the weekly frame, the stock has moved above its recent consolidation pattern. The momentum indicator RSI (14) is in positive crossover and rising on the weekly frame.\n\nTraders can accumulate the stock in the range of 287-292 for the target of 312 with a stop loss below 279.\n\nSPARC: Buy| CMP: Rs.186.50 | Target: Rs 209| Stop Loss Rs.177| Return 12%\n\nThe stock, after a sharp correction, is seen to be consolidating at the lower levels. The momentum indicator RSI (14) is in the oversold zone for a prolonged period; in addition, it is in positive divergence with the price with the price which suggests a reversal in the price may be witnessed in the short term.\n\nTraders can accumulate the stock in the range of 184-187 for the target of 208 and a stop loss below 177.","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/34187696/600x600/c","thumbnail_width":600,"thumbnail_height":600,"html":""}