Stock Picks Podcast for April 24, 2018: 3 stocks which could give up to 15% return

Thomas Cook: BUY| Target Rs325 | Stop-loss Rs 260 | Return 15%

The stock price has given an ascending triangle breakout on the monthly chart indicating a continuation of an uptrend. In March 2018, the stock price broke out from the previous 8-month’s price consolidation.

The stock has been taking support around its 20-month exponential moving average or EMA which helped the stock to hold its uptrend.

Higher tops and higher bottoms on the weekly and monthly charts are intact which can be considered as a bullish sign. Oscillators like MACD and DMI are indicating strength in the existing trend. The stock price is on the verge of registering new all-time high above 292.

Rising volumes and the momentum indicates that in the short-term the stock price can move higher. Rounding bottom breakout is witnessed on the monthly line charts. We recommend buying Thomas Cook for the upside target of Rs 325, and keep a stop loss below Rs260.

NRB Bearing Ltd: BUY| Target Rs. 195 | Stop-loss Rs 168 | Return 10%

For the quarter ended Dec 2017, the stock gave a significant breakout from the multi-quarter high with a jump in volumes. The stock surpassed the crucial resistance level of 160 on a closing basis.

For the entire quarter of March 2018, the stock consolidated in the range of Rs150-180. In the current month of April 2018, the stock price seems to have resumed its uptrend is now on the verge of registering new all-time high above Rs182.

The short-term moving averages are trading above medium to long-term moving averages. Oscillators have been showing significant strength on the weekly and monthly charts. We recommend buying NRB Bearings for the upside target of Rs195, and keep a stop loss below at Rs168.

TAKE Solutions Ltd: BUY| Target Rs. 230 | Stop-loss Rs 190 | Return 12%

In the current month of April 2018, the stock surpassed the multi-month high of Rs190 odd levels. During this month, the stock hit a new all-time high at 215.80 with a rise in volumes.

The primary trend of the stock is bullish with higher tops and higher bottoms. The short-term moving averages are trading above long-term moving averages.

Oscillators are also indicating strength on the medium term charts. Appreciating dollar against rupee is also going to benefit the company like take solutions to perform better in the coming times. We recommend buying Take Solutions for the upside target of 230, keeping a stop loss below Rs190.

Disclaimer: The author is Technical Analyst, PCG Desk, HDFC Securities. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.