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Technical stock picks | Berger Paints, NMDC, HDFC Bank, Titan, JSW Steel on the radar
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Technical stock picks | Berger Paints, NMDC, HDFC Bank, Titan, JSW Steel on the radar
Mar 16, 2023 1:43 AM

Technical analysts Mitessh Thakkar and Sudarshan Sukhani share their top stock picks for the day.

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From Mitessh Thakkar

Mitessh Thakkar's first buy call of the day is on Berger Paints. He recommends this with a stop loss below Rs 580 for an upside target of Rs 615. Shares have gained close to 5 percent in the last month.

HDFC Bank has come down to very important support levels. It can see a bounce back today according to Thakkar. He recommends this stock to buy with a stop loss of Rs 1,529 and price targets between Rs 1,565 and Rs 1,570. The stock was up 7 percent over the last month.

The third buy call is NMDC. One can buy this stock with a stop loss of Rs 115 for an upside target of Rs 122. Shares of NMDC have declined around 6 percent over the last month.

Indraprastha Gas Ltd (IGL) is a solitary sell call from Mitessh Thakkar. His recommendation comes with a target of Rs 407 and a stop loss of Rs 431. The stock has declined over 3 percent in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Titan as it has been an outperformer. He advises traders to keep a stop loss of Rs 2,320. Shares have declined around 4 percent over the last month.

JSW Steel is another buy call from Sudarshan Sukhani. Stop Loss is to be placed at Rs 665. The stock has declined around 7 percent over the last one month.

Sukhani's only intraday short is on Godrej Consumer Products Ltd (GCPL). He advises a stop loss above Rs 918. Shares of GCPL have declined over 2 percent in the last month.

Lastly, he recommends a sell call on Dabur India as well. He advises a stop loss above Rs 530. Shares of Dabur have dropped over 2 percent in the last month.

For more details, watch the accompanying video

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