Stock Picks

13th September and ahead: Stock Picks

1. Unitech
Unitech
A nice attempt by Unitech to break the triangle range ended with a bearish reversal candle (Not a major one). Unitech is a BUY above 18.2, SL at 17.35 for targets of 19.6/21.5/23/24.5. Safe traders BUY above 18.5 for same levels. One can also look at 20CE for good rewards.

2. RPOWER
RPOWER
Rpower is in a range and a break above 72 can take it to 75.75 and then 80 levels. A close above 70.5 will be positive and can be used for buying with SL at 67.5.

3. SESA GOA
SESA GOA
Buy Sesa Goa above 192, SL: 180, TGT: 201-205-210+ Below 190, we can see some retracement which could take it to 160 levels and below.

4. BHEL
BHEL
BHEL gave a fast interesting move from 100 levels to 148-150 zone and has filled a major gap at these levels. Keep looking for SHORTING opportunities here. If BHEL breaks and closes below it's 34MA then we get a sign of trend reversal and a bearish move can be seen, however supports exist at 130 levels. Once 130 is broken, expect 112 levels in the stock.
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