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Here are the top stock picks by Nilesh Jain of Anand Rathi Shares

The stock has formed a bearish Harami candlestick pattern on the daily chart which is considered as a bearish reversal pattern.

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McDowell Holdings surpassed its previous swing high and also reclaimed its 200-DMA placed at Rs 570 levels.

Nilesh Jain Mumbai

2 min read Last Updated : Nov 20 2020 | 8:30 AM IST

BUY | MCDOWELL-N | TARGET: Rs 620 | STOP LOSS: Rs 545

The stock surpassed its previous swing high and also reclaimed its 200-DMA placed at Rs 570 levels. It has also provided a fresh breakout from a symmetrical triangle formation and a conservative target for the same is coming around Rs 650 levels. The momentum indicators and oscillators are in the buy mode on the daily as well as weekly scales which hints of further positive momentum in the counter.

BUY | STAR | TARGET: Rs 740 | STOP LOSS: Rs 669

The stock has found strong support at around Rs 600

Topics : Stock Picks Markets Bank of Baroda Strides Pharma Science technical analysis

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