Stock Picks

November 11th and Ahead: Stock Picks

Bulls seem to have gone on pause mode at Dalal Street post Diwali and the market is now drifting to lower levels. However, there are many stocks which can give some good moves and trading opportunities in the coming weeks.

ZYLOG SYSTEMS:
Zylog Systems
 Zylog had seen a massive correction in June and since then it has been forming a base, the stock seems to be giving a break out from this consolidating phase with good volumes. BUY in the 14.5-15 range, SL at 12.5 for targets of 18 and above.

DLF:
DLF
Inverse H&S pattern signifies a reversal and a bottom formation and the upmoves can be sharp, a recent example being Adani Enterprises. DLF is forming an inverse H&S pattern and a break above 164 can push the stock to 180 levels and above that 200 and 230 levels.

FRL-DVR:
FRL-DVR
As the chart shows, FRL-DVR has given a break from it's consolidating triangle pattern and the stock can give a good upmove of 20%-30% in the coming sessions with support for the stock exists at 42 and 40. Average near 42 and hold with SL at 40.

LUPIN:
LUPIN
A stock is in a great uptrend, it enters a period of consolidation and then it is ready to give a break from the consolidation phase, these kind of moves give profit consistently. Above 895, the stock can show quick upmoves to 922 and 940+ levels. The support for the stock is at 870 levels.

MAXWELL INDUSTRIES:
MAXWELL
Maxwell is another midcap stock which we feel has formed a bottom and can show good upmoves especially after the break it gave with good volumes in the last session. The stock currently at 19 can move upto 28 levels with support at 15.

ORIENT PAPER:
ORIENT PAPER
Orient Paper looks set for a good upmove with supports at 7.5, the stock currently at 10 can see quick moves to 15+ levels.

RELIANCE COMMUNICATION:
RELIANCE COMMUNICATION
Buy with SL at 137.3 for target of 150, CMP: 140.

SUN TV:
SUN TV
The stock currently trading at 413-414 levels has support at 400. Sun Tv is a very volatile stock and the upmove can be quick. The target for the stock is 440.
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