Stock Picks Podcast on April 20, 2018: 3 stocks could give up to 11% return

V-Guard Industries Ltd: BUY| Target Rs 276| Stop Loss Rs232| Returns 12%

The stock has been oscillating between Rs 200 and Rs 250 for the past four months. During this phase, V-guard formed a Symmetrical triangle pattern and is finally on the verge of breaking out of the same on the weekly chart.

The daily chart analysis indicates that the breakout has already happened which further accentuates our bullish stance on the stock.

Rising volumes and relative strength further indicate that the momentum is likely to extend further. We expect the sock to make an attempt to rally towards its potential target of Rs 276 in the medium term.

Yes Bank Ltd: BUY| Target Rs 348| Stop Loss Rs 306| Returns 9.5%

The stock has been in a base building phase for the six months during which Yes Bank formed an inverse head and shoulder pattern.

This bullish pattern formation after a correction witnessed from Rs 367 hit in the first week of February to lows of Rs 285 hit in last week of March is indeed an early sign of reversal.

A break and close above Rs 320 would confirm the breakout post which we expect Yes Bank to rally towards its potential target of Rs 348 in the medium term.

Sunteck Realty Ltd: BUY| Target 470| Stop Loss Rs 413| Returns 9%

The stock has broken out from a Symmetrical Triangle pattern on the daily chart. The price outburst has been accompanied by a smart uptick in traded volumes too.

Sunteck has also convincingly closed above its short-term averages which add conviction to our bullish stance.