 "SRF, Airtel among top picks by Ruchit Jain of MOFSL on February 13")
Buy Cholamandalam Investment and Finance | CMP 1351 | SL 1310 | TGT 1430
Price is retesting its breakout from a consolidation zone and holding above its 200 DEMA on the daily chart. The RSI momentum indicator is positively placed which has bullish implications.
Buy Bharti Airtel | CMP 1711 | SL 1675 | TGT 1785
Stock has given a range breakout and inched higher with a surge is traded volumes visible on the daily scale. The MACD indicator is rising which confirms the bullish momentum.
Buy SRF | CMP 2828 | SL 2750 | TGT 2970
Stock has taken support and bounced up from its 20 DEMA after breaking out from a consolidation zone. Higher than average traded volumes was visible to support the up move. The ADX line is rising which confirms the strength of the uptrend.
(Disclaimer: Ruchit Jain is head of equity technical research, wealth management at Motilal Oswal Financial Services. Views expressed are his own.)
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