Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts

Buy Balkrishna Industries Limited

Last Close: Rs 1,137.15

Initiation range: Rs 1,120-1,130

Target: Rs 1,200

Stop loss: Rs 1,090

BALKRISIND has been witnessing a steady up move for the last seven months. It’s currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts. Indications are in the favor of fresh breakout in the near future thus we advise creating fresh longs within the mentioned zone.
 

Buy Hindustan Unilever Limited 

Last Close: Rs 2,152.65

Initiation range: Rs 2,140-2,150

Target: Rs 2,250

Stop loss: Rs 2,100

We’re seeing a mixed trend on