NeoTrader’s Raja Venkatraman recommends three stocks for 20 February
• Associated Alcohols & Breweries: Buy above: ₹1,130 | Stop: ₹1,100 | Target: ₹1,250
This beverage counter has found some strong support after a recent decline. The rise in prices of this counter has been quite steady, and the volume lead rise could result in some revival. As robust momentum is seen building up, we can look at the whole setup heading higher once again. Consider going long.
• Camlin Fine Sciences: Buy above: ₹152 | Stop: ₹144 | Target: ₹167
Even as prices dipped, momentum readings indicate an upmove that could help the prices rise quickly. As trends are looking promising with the formation of a long body candle, one could consider a strong thrust to the upside. With near-term resistance turning into support, one can look to initiate a buy.
Also read | From saviour to struggler? This stock faces bear market test
• Kaveri Seed Co. Ltd: Buy at: ₹995 | Stop: ₹960 | Target: ₹1,095
After a recent upmove, KSCL has displayed a range breakout and the trends in this counter can sustain. The strong display of momentum clearly highlights that there is some more room for an upside. As every dip sees demand at lower levels, it’s best to consider this as an opportunity to go long.
MarketSmith India’s top stock picks for 20 February
HDFC Bank Ltd: Current market price: ₹1,727.2 | Buy range: ₹1,710-1,735 | Profit goal: ₹1,870 | Stop loss: ₹1,670 | Timeframe: 1-2 months
Anup Engineering Ltd: Current market price: ₹3,087.65 | Buy range: ₹3,000-3,100 | Profit goal: ₹3,690 | Stop loss: ₹2,790 | Timeframe: 3-4 weeks
Also read
From saviour to struggler? This stock faces bear market test
Telecom Q3 review: Airtel triumphs in Arpu battle, but Jio could win the war
ABB India at a crossroads: Profits soar but stock slump hints at trouble
About the analysts: MarketSmith India is a stock research platform. Raja Venkatraman is co-founder, NeoTrader.
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Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
