Weekly stock picks by Religare Broking: Buy Tech Mahindra, PVR Limited

While the other IT counters are witnessing volatile swings or reeling under pressure, Tech Mahindra is comfortably holding above the support zone of multiple moving averages on the daily chart

Buy Container Corporation of India Limited

Last Close: Rs 575.70
 

Initiation range: Rs 570-575
 

Target: Rs 610
 

Stop loss: Rs 560
 

CONCOR has retraced considerable from its record high and reached closer to the support zone of medium term moving average (100 EMA) on the daily chart. After spending nearly three weeks around that zone, it looks all set for a fresh surge. We suggest traders to use this chance and initiate fresh longs as per the mentioned levels.

Buy Tech Mahindra Limited

Last Close: Rs 777.35

Initiation range: Rs 770-775

Target: Rs 800

Stop loss: Rs 760

TECHM has