Stock Picks

Watchlist: 19th November and Ahead

The recent phase of correction after a sharp 1000 point rally has given some great chart patterns which could turn out as profitable trades. Here are some must have stocks on your watchlist:

BHEL:
BHEL
 Buy above 141.5, SL at 138.7 for targets of 149-161-170.

NTPC:
NTPC

NTPC is a good cash positional accumulation at current levels of 155 for targets of 175-190 with SL 145. 

HINDALCO:
HINDALCO
With supports at 113.9, the stock looks ready for a strong upmove to 135 levels. Exit if it gives a close below 116.3. Current levels are 118.5-119.

SINTEX:
SINTEX
Sintex is a good buy once it breaks above the consolidating pattern and closes above 33. One can initiate a BUY at current levels of 30-30.5 and hold with SL at the trendline at 29.3 (Closing Basis) for 33-37-40+ levels.

FINANCIAL TECHNOLOGIES:
FINANCIAL TECHNOLOGIES
This trade could be a very big trade with potential returns upto 50%. Buy in the current range of 180, add on dips near 165-170 and hold with SL at 160 for targets upto 310.

BF UTILITIES:
BF UTILITIES
BUY above 378, SL: 357, TGT: 420+
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