Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, Technical Analyst and Chandan Taparia, Derivative & Tech Analyst, Motilal Oswal Financial Services share their top stock picks for the day.
From Mitessh Thakkar
Mitessh Thakkar's first buy call of the day is on Cholamandalam Finance. He recommends this with a stop loss of ₹1,110 for an upside target of ₹1,180. The stock has gained more than 5% in the last month.
He recommends a buy call on Max Financial Services with a stop loss of ₹1,000 for an upside target ₹1,060-1,070. The stock is up more than 5% over the last month.
TVS Motors is another buy call from Mitessh Thakkar. His recommendation comes with target of ₹2,190 and a stop loss of ₹2,095. The stock has remained flat in the last month.
Thakkar also recommends selling HCLTech with a stop loss of ₹1,570 for a target of ₹1,500. Shares have declined more than 6% over the last month.
From Sudarshan Sukhani
Sukhani finds a buying opportunity in Indian Hotels. He advises traders to keep a stop loss of ₹546. Shares have gained more than 2% over the last month.
Sukhani's has a buy on dips on Can Fin Homes. For this he advises a stop loss of ₹712. Shares are down more than 1% over the last month.
BHEL is another buy call from Sudarshan Sukhani. Stop loss is to be placed at ₹222. The stock has gained more than 8% in the last month.
Sukhani's only intraday short is on Crompton Greaves Consumer. For this he advises a stop loss of ₹1,272. Shares are down more than 8% over the last month.
From Chandan Taparia
Taparia has a buy call on Indian Hotels with a stop loss of ₹572 and a price target of ₹610 on the upside.
Additionally, he has a buy recommendation on Dixon Technologies with a stop loss of ₹7250 and for an upside target of ₹7,750. Shares are up more than 14% over the last month.
He also recommends buying Max Financial Services with a stop loss of ₹990 and a target of ₹1,050.
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