Trading Stock Picks for Feb 07, 2012

Posted by admin in Companies, Trading on Feb 6th, 2012 | no responses

Shown below are the top 5 picks of the day for trading suggested by Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.

Uflex Ltd

Recommendation: Buy
Stop Loss: Rs 130
Last Close: Rs 141
Target: Rs 158
On daily chart, given a downward sloping trend line breakout at 136. Managed to close above ‘20-week EMA’, a sign of strength.

National Aluminium Company Ltd

Recommendation: Buy
Stop Loss: Rs 55
Last Close: Rs 62
Target: Rs 79
On weekly chart, given a breakout from ‘Inverse Head & Shoulder’ pattern at 62. Momentum oscillators on positively poised.

Hindustan Unilever Ltd

Recommendation: Buy
Stop Loss: Rs 388
Last Close: Rs 387
Target: Rs 424
On daily chart, given a trend line breakout at 396. Placement of moving averages & momentum oscillators suggests up-move.

ONGC Ltd

Recommendation: Buy
Stop Loss: Rs 275
Last Close: Rs 283
Target: Rs 300
A positive crossover in ‘RSI - Smoothened’ momentum oscillator on the monthly chart indicates strength.

Bombay Dyeing & Manufacturing Company LtdRecommendation: Buy

Stop Loss: Rs 420
Last Close: Rs 431
Target: Rs 460
Taken a support near 61.8% retracement of the rise from Jan 7 to Jan 20, with a Japanese candle stick pattern called ‘Piercing Line’.